What are you needing?
Reaching out to a lender and getting a FREE Pre-Approval rather then a pre qualification.
Well, Simple answer would be:1. Self Employed for 2 years2. On your tax returns what is your bottom line for income and underwriter will average over 24 months.All the other items will be determined depending on property and the rest of your profile. Hope this helps, have a glorious day! :)
You will need to start establishing credit. For non-traditional credit score you will need a track record of making a payment for 12 months in a row on time. Then you will need at least 4 of these tradelines, submit them to a credit agency to have them show up on your credit report.Hope this helps, have a glorious day!
You are correct but the HASP program that goes up to 125% LTV is for Freddie Mac owned loans and majority are done by the lender servicing the loan.The only other option that I can think of is find a HUD approved counselor http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm and see if there is anything they would be able to do. They should be free to talk with. Hope this helps, have a glorious day!
Might want to try talking with a HUD approved counselor and see what other options might be available. HUD approved counselors are free to talk with and help you out. Hope this helps, have a glorious day!
Faibae, Another option if over 80%LTV would be doing a split mortgage insurance or 1 payment option where you pay all the mortgage insurance at closing. The advantage to this would be if the seller is paying anything towards closing costs or prepaid items then they will be paying for your mortgage insurance and if you refinance with in 5 years some of that money could be refunded to YOU. Hope this helps, have a glorious day!
The zillow quote system is not designed for this type of quote so you will have to pick a lender to deal with and see if you qualify for the program. Don't forget to go to: www.makinghomeaffordable.gov to see if your property is a Fannie or Freddie owned. Hope this helps, have a glorious day!
Yes, be very careful because on a 30 year fixed I do not see any lender paying a YSP of 3% which the broker would probably be using to pay your closing costs. Also look for any pre-payment penalties and make sure it is truely a 30 year fixed. Hope this helps, have a glorious day!
Simple answer is just need proof of a paystub on his current job or some places might need 30 days worth. Since he is in a kind of seasonal employment and union worker then you should be good. Also prepare a letter of explaination of the job gap. Hope this helps, have a glorious day!