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First Time Home Buyer

r/FirstTimeHomeBuyer

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Posted by7 hours ago
  • r/FirstTimeHomeBuyer - First time homebuyers become first time renovators
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Posted by16 hours ago
  • r/FirstTimeHomeBuyer - First holidays in our home- I couldn’t be happier
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Posted by8 hours ago

Hi and thanks to anyone taking the time to read this over, who would like to offer advice.

I don't know how to buy a house, but I want one and I'm trying to learn. I plan to start talking to lenders, after I file taxes for 2022.

I'm a licensed general contractor/carpenter. I've worked in my field for around 24 years. I went into business for myself in 2019, but since then, I've also taken full-time jobs intermittently, for lengths of time up to about a year, as an employee. So, I've been bouncing back and forth between W2 work and self-employed contracting.

I've been offered a job that will start in mid-December that is exceptionally high paying because it's a public works project, subject to prevailing wage laws. However, my business is doing well at the moment, and seems to be on a steady upward trajectory in many ways (It's starting to feel like it's working out finally).

What would most mortgage lenders rather see? A current and high-paying full-time job as an employee, that will end in about a year? Or me, maintaining my business, where the income is much more unpredictable and overall, not quite as high?

I realize I'm leaving out a lot of really basic info. So please fire away with the questions, and thanks again. I really would appreciate any thoughtful advice and help.

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Posted by1 day ago
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The ultimate subreddit for everything a first time home buyer NEEDS to know.
Created Mar 3, 2015

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