You have gotten some good answers here.
Honestly, you may be able to get a mortgage -- but it won't depend completely on your independent contractor status.
There are so many parts to a mortgage approval. Your best first step is to speak with a mortgage professional, who can help guide you through what you may need & may need to do in order to qualify.
I have a few lenders that I trust to counsel my clients. If you'd like their information, please let me know. They have asked me not to put their #'s up here, because then they get spam/sales calls & emails from others!
Keller Williams Excellence Realty
All these terms are negotiable.
You ask a good question. Are you 1099 or w2? If 1099, then you tax returns would have to be used to decide your income. Often though if your write offs make your adjusted gross income appear too low, it will impact the amount of house you can purchase. There is an option for those of us who are self employed/contract type work. Susquehana Bank has a program where they can use your 6months of bank statements where your deposits will be calculated to determine your qualifying income. Getting a preapproval is the first step to buying a home. Good luck!
WCS Funding Group, home of the happy mortgage
Believe me, we'll make you happy! Look forward to speaking to you soon!