Which, if any, banks offer conventional loans without one year employment at the same company?
Context:
20% down 8 years (basically all of my adult life) I have the tax paperwork to show my income was between 60-70k every single year
The catch that caused my local bank to deny: the longest I worked any specific job is 7 months. This is due to seasonal work, going back to the same company for multiple seasons such that if I added together all the months I worked there it would be well over 2 years.
In case it matters, the thing I keep going back to is a skilled trade with long hours that allows me to make most of my income (usually around 50k) in under 6 months. Then in the off season I typically travel or relax and work for a few months doing something I enjoy that doesn’t pay much such as barista or ski instructor.
I am looking to buy a house in the $100-150k range. LCOL area where there are fairly nice 2-3br homes on 1/4ac lots in this range. My bank said I’d be approved as high as $250k IF I would stay with one job for at least 12months and be employed by it when I re apply for the loan. Is sucking it up for a year doing something I dislike the only option for a conventional loan? I do not wish to do FHA or hard money due to the worse interest rates. I love my career but it is seasonal so to get 12mo employment with one company I would need to do an entirely different field.
I have saved $50k specifically for a house by saving an avg of $10k/year for the last 5 years. I don’t want to put all of it down in case of unexpected repairs and fees that will probably arise.