Can i get a mortgage based on this?

I am looking to buy a new house but i don't know if i am qualified to get the house i like. Im the president/owner of a corporation and my salary from the business is 60K per year and my corporation made 150K profit in 2010 after expenses. The house i like is 600,000 and i'm ready to put 20% down. Some one told me that even though i can afford that house, i wont get a loan because the bank wont consider my corporations profits as my own even though its my business and i have no partners. Is this true?