Financing in Starke>Question Details

hyundaisonat…, Other/Just Looking in Orange Park, FL

I need to finance a home in starke that is for sale. Do i need work of history before I finance?

Asked by hyundaisonata21, Orange Park, FL Tue Nov 15, 2011

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How else would you plan to pay your monthly mortgage if you don't have a job? Do you get social security, pension, anything? If the answer is no to receiving any monthly income...then the answer is yes to your question.

Joshua A. Lerette
Senior Loan Officer
Residential Finance Corporation
800.930.7334 Ext. 1108 – Toll Free
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0 votes Thank Flag Link Tue Nov 15, 2011
Depends on a couple of things, if you are just coming out of college, or technical school and will be working in a profession that you were just trained for you will need a minimum of 6 months, all other requires a complete 2 year work history, and explanation letter for any large gaps in employment. If self employed or commission you will need 2 year history as well
0 votes Thank Flag Link Tue Nov 15, 2011
I have no idea what work of history means, but your first step should be to speak with a couple lenders or mortgage brokers about financing. They will tell you what they need.
0 votes Thank Flag Link Tue Nov 15, 2011
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