Profile picture for rickyle73

I have credit score of 728, self employment with No income verified. Have $60kdown can i get a loan.

I want to buy a $260,00 home.
  • February 17 2010 - Hanover
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Answers (6)

Fannie, Freddie, and FHA all now require verified income. However, with a good net worth (re: 250K liquid investments) there are private money bankers out there that will do your loan if you place your assets with them.
Best wishes, Jim
  • August 30 2011
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Yes.

There are credit unions and banks who should take this loan.  But I would
also consider a lease to own.  You might get a great deal from an owner who needs to sale badly.
  • August 29 2011
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You can get a loan it may have to be from a private money lender. If you need help finding one you can shoot me a email.
  • February 19 2010
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Profile picture for Justin Kennedy
99% of the lenders need to verify the tax returns. have you had a lender analize your tax returns; even thou you wirte off your income to zero, you may be able to add back in some paper loss income, depletion, deprecation, and portion of mileage; i dont think it will get to a 200,000 loan amount, but that would be a good place to start.

also, you may find a hedge fund offering some type of stated income loans, most are arms and do not allow certian types of industy,ie:  real estate, contractor, fiance, etc..
  • February 18 2010
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Profile picture for patohomes
Looks Good..But you will need to verify income some how..
  • February 18 2010
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Do you have 1099's for the last couple years?  You have clearly spent some time lining your ducks up in a row, with your good credit score and savings.  I would highly suggest a direct conversation with your favorite lender in order to ascertain which program would best fit you; having this housing market and NOT using your purchasing power would be a shame!  Send me an email if you're interested, and I'll be glad to introduce you to my favorite lender, very professional, experienced, down-to-earth and thorough!  This is a good time for you!  Best regards, Gretchen
  • February 18 2010
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