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Looking for a lender in northern Colorado

Does anyone know of a lender that will count overtime income to qualify for a loan after 1 year? It has been consistent the whole time and is expected to continue, my employer states that the overtime is required but not guaranteed.
  • August 19 2014 - Greeley
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Answers (7)

Did you happen to recieve overtime at your previous job.  If so we could probably tie that to the new job.  Are you pre-approved on a conventional, FHA, or VA loan.  I know FHA and VA will allow for a higher debt to income ratio to qualify.  In addition, if you have assets you may be able to get approved for more on a conventional loan.  Let me know if I can help in any way.  Thanks and have a great day!
  • September 03 2014
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My bank would be willing to look at it, but we need more specifics.  Contact me directly and we can go from there.

Thanks,
  • August 28 2014
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You may want to try inquiring with some of the local small community banks in the area, at times they are able to fund 'out of the box' scenarios like this when the larger lenders can't.  If you'd like some suggestions just let me know.

  • August 28 2014
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Unfortunately, with O/T, Bonuses, or Commissions you MUST have a  24 month history, and even then the Underwriter will average that income over a 2 year period. That's at least with a Traditional Loan Program.
  • August 28 2014
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Try [promotional spam removed by Zillow moderator, see our Good Neighbor Policy].   Mic has a great reputation for getting tough loans to close.

Good Luck!
  • August 27 2014
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The overtime has been received the entire time of employment with this company, for 1 year and 2 weeks. Can't find a good co signer, and base income would only qualify for a very small amount after monthly obligations.
  • August 19 2014
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How long exactly has the overtime been received? Is it absolutely needed to qualify or perhaps is there a possibility of getting a co-signer to help provide a bit more income?  We are here in Northern Colorado and would be happy to run through your options to see if we can come up with a solution if you would like to get in contact with us.


  • August 19 2014
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