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ARE THERE ANY MORTGAGE OUT THERE WITH NO PROOF OF EMPLOYMENT.THANK YOU

Profile picture for ERODRIG104
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June 15 2009 - US
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Answers (4)

Profile picture for RonRobert
Sure, it's called hard money and the loan is based solely on your equity.  Usually the max loan amount is 65-70% of the value.  The rate will be close to 14% and the costs will be high.  It's not pretty but it can be done.
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June 18 2009
Profile picture for Courtesy Mortgage
Trick question from Zillow.  Yes, there are several.  Pension income, Social Security Income, Rental Income, etc.  All of these work fine with no employment.
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June 15 2009
Profile picture for Tiffany Lewis
There are a few lenders still offering the Stated option, but the rates aren't pretty and they require good credit scores.....
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June 15 2009
Profile picture for Naoma Doriguzzi
The only one that I know of is the Reverse Mortgages - if you are at least 62 yrs or older.
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June 15 2009
 

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