I changed jobs last April and now make well over $100K, yet, I can't get a condo mortgage for $150K because I work through a recruiter! The recruiter contract is for nine months, and then my company will hire my directly (they said so).
I've contacted three different mortgage lenders (bank, broker, and credit union), and they all said the same thing (no mortgage when working for a "temp" agency). So I'm pretty much screwed for 6 months, thanks to our crappy economy.
This is ridiculous! Is there any way around this? I spent a lot of time finding a condo, and it will be gone in six months.
My credit score is 780.
Please see my answer below. I was finally able to get a loan.