Buyer client need to close on a house on Aug 27th. His loan officer just informed him that lender backed out because he has been working on 1099 as self employed since Jan 009 and don't have 2 years tax returns.
Here are some details:
His middle credit score was 678 back in May, client is sure it is much higher now.
First Time Buyer
Annual Income $190K
Purchase Price $330K
No other debts.
If you can help please call me at 703-675-3943.
Thanking you all in advance.