I have recently been pre-approved for a home loan.. So I found a house that I wanted, signed a contract with the seller and went straight to the bank! I paid for an appraisal and started packing.. I just found out that FHA denied the loan because I was self employed for four years doing medical transcriptioning and when the doctors went digital last summer it eliminated my job and forced me to seek other employment. Since I have only had one year of W2's since this happended with no lapse in employment they said I had to have two years of W2s. Is there any other options for me?? Please help me. PS I do not have a down payment.. only two thousand dollars in the bank.

I have recently been pre-approved for a home loan.. So I found a house that I wanted, signed a contract with the seller and went straight to the bank! I paid for an appraisal and started packing.. I just found out that FHA denied the loan because I was self employed for four years doing medical transcriptioning and when the doctors went digital last summer it eliminated my job and forced me to seek other employment. Since I have only had one year of W2's since this happended with no lapse in employment they said I had to have two years of W2s. Is there any other options for me?? Please help me. PS I do not have a down payment.. only two thousand dollars in the bank. by mrrpac4e2e13cc47527 from Henderson, Kentucky. Jul 25th 2011 Reply