I have been traveling for the last 4-5 years, and recently have decided to buy a home and stay in one place.
My husband and I have wonderful credit scores, a respectable income with a very low debt to income ratio but I am having trouble getting approval for a home mortgage. The reason given is that "travel nursing is not a steady income." I guess technically that is true, since nothing is garenteed after the end of a contract. It doesn't seem to make a difference that I have NEVER been unemployed during my years of travel, except for the time off to travel from place to place.
Has anyone else encountered this and how did you convince the mortgage underwriters to give you a home loan?