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Answers (5)
- LarryTheMortgageGuy
- Contributions:6
That issue should not even come up in a normal loan application. As others have mentioned, the past 2 years employment, income, credit history, available assets, debt load...will be used to determine your financing options.
- Shannon Thomas, "sthomasrealestate"
- Contributions:218
Lenders only care about your ability to pay not your past criminal record. good luck on your search to buy a home.
Buying a home is something to smile about!
Buying a home is something to smile about!
- FRANK STADLER, "25 Yrs Mtg Lending"
- Contributions:76
Conviction isn't a problem. We pull credit bureau reports and not rap sheets.
I assume that you have paid back your debt to society already. We we looking for 2 years credit, 2 yrs employment
We basically look at the 3 C's of Credit. Character- this is credit report- does he pay his bills on time, capacity- does he work- hwat does he make- does he have stale employment, collateral- what type of down payment are you putting down.
Application also know as 1003- doesn't ask anything about convictions
I assume that you have paid back your debt to society already. We we looking for 2 years credit, 2 yrs employment
We basically look at the 3 C's of Credit. Character- this is credit report- does he pay his bills on time, capacity- does he work- hwat does he make- does he have stale employment, collateral- what type of down payment are you putting down.
Application also know as 1003- doesn't ask anything about convictions
- Elizabeth aHouseSOLD
- Contributions:60
Lenders only consider your financial ability to purchase a home and repay the loan. As long as you have a steady job with the income to pay for the mortgage, you can get a loan.
- Mary Wagner, "Mary C Wagner"
- Contributions:115
if your looking for a loan no, as long as there are no unpaid bills/judgements against you.
What if I was arrested for drugs ten years ago? Does having a conviction on your record disqualify?
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