Home Buying in 91335>Question Details

M.v., Home Buyer in 91335

Can you qualify for a home loan if you are unemployed?

Asked by M.v., 91335 Thu Apr 8, 2010

My brother in law let his house payments slide because the house went down in value. He asked his father to buy a house and let him rent it. The weird part is that my father in law is unemployed and still qualified for a loan. How is that possible?

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1
Your father in law may be unemployed but must have income coming in from somewhere. Which he used to get a loan. Could be pension, social security etc all acceptable means of income.
0 votes Thank Flag Link Thu Apr 8, 2010
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