Opinion about the likelihood that we'd qualify for a mortgage

[piyf]

If your husband works as a contractor then get a house based solely on your income and debt. 55k debt with no down would make me pay down debt then save 3.5% for the down payment. Grossing 108k a year should let you pay off the debt fast since you were living (before April) at a much less income.

[annerk]

Keep in mind that if your husband is writing off most of his income, you've got a problem even after two years.

The lender will qualify based on the two year average net income from contracting based on what you file with the IRS. So if he grosses a million but only nets $17K...