<prompt> Human: A little background. My wife and I are looking to purchase a second home. We currently have about 90,000 in equity in our first home, and plan to keep it as a rental property We are well aware of all of the pitfalls here. Our combined income is about 94,000 a year, but the bank will only count 80,000 because the rest is in part time income and 1099 contract work but very stable. My In-Laws are planning to gift us 50,000 for the down payment on a 320,000 home. The bank had preapproved us, but after learning that 14k of the income was part time and that the down payment was a gift denied our loan. We do have lower credit 650ish due to a ongoing dispute I have had with a local hospital. Does anyone have any advice on how we could move forward?  <response>: Theres good reason that you dont qualify. Mediocre credit, existing mortgage debt, relatively low income for 320K mortgage, and the two of you arent providing the downpayment.Id recommend saving yourself for a downpayment, and improving your credit. These two things are likely the two quickest ways to qualify. Id also recommend looking for less house given your income. 