My fiancee and I are trying to qualify for a mortgage. She is full-time W2 employee and I am a small business owner. My 2012 profit in the business was significantly less then 2011 (more than 20% difference). This is something that the bank said would likely be a problem.
From the perspective of qualifying for the mortgage, would it be easier to qualify if I went and got a full time job with a regular pay-stub and W2? If so, how long would I have to be working at the job until the lenders would consider it as income relevant to getting the mortgage?
We live in and are looking to buy in Pennsylvania.