Senior VP of Mortgage Lending
Diamond Residential Mortgage Corporation
Have you started looking for homes or condos yet? I specialize in first-time homebuyers and work in the city, on the north shore, and northwestern suburbs. Let me know if I can help you in any way! I'm always happy to counsel and answer questions. Congratulations on taking this next step in your life!
I sounds like you should be okay based on your income. We would need to look at credit to see if you qualify. Please give me a call or send me an email and we can get you prequalified today.
We work with over 30 lenders to help you get the best possible financing. We specialize in FHA, VA, 203k renovation loans and Reverse Mortgages for refinance and purchase too! Were other banks require a 640 and above score to help with financing, our lenders will go as low as a 580 score on an FHA mortgage. SMC carries an A+ Better Business Bureau Rating and we have worked in the community for over 15 years!
I look forward to hearing from you.
If you're 100% commission, you're going to need a two-year income history on the same job. Once you pass that threshold, you should have no problem getting a loan, as long as your credit is okay.
Let me know if I can help.
Senior Mortgage Consultant
Blueleaf Lending LLC
A Division of Midwest Community Bank
In addition, we are doing a home buyer seminar on "investing in distressed real estate" on February 15th. You can ask for details from him when you call him.
The Big 4 US Banks (Bank of America, Chase, Citi, and Wells Fargo) can, have and do issue mortgage loans for around $100,000. To find out if you qualify for a mortgage you will have to fill out a loan application, with a mortgage broker. Here's a link to a list of Accredited Mortgage Brokers in Chicago: http://www.bbb.org/chicago/accredited-business-directory/mor
Make sure this mortgage broker is able to issue government loans. Advantages of government-backed loans include: Little or no money down required, Lower closing costs and No prepayment penalties.
The mortgage broker will run a credit report on you to calculate your credit score. Your credit score will help determine if you are qualified for a mortgage and the interest rate on your mortgage.
Your employment/income would not be an issue as far as qualifying for a mortgage is concerned. You just would have to meet the credit requirements. I would be happy to discus in more detail, email me at firstname.lastname@example.org