you are a US citizen
you can verify the source of income
your payments are in line with acceptable debt to income ratios
you have your funds in a US bank, or will put them there.
If you are looking for assistance with the purchase, I am glad to help.
I have two lender references for you, both can get this done.
Dave 773-732-9123 or email@example.com
1. I have no debt at all (besides the potential new mortgage amount). I liquidated all debt before leaving on my sabbatical. My car is paid for and I don't owe anything, anywhere.
2. Yes, I am a U.S. citizen. All my funds are with Charles Schwab and all information is verifiable in whatever way that may be required.
Conforming and/or FHA loans REQUIRE 2 years or work history and probability of continual employment. (of which you do not have). Therefore you will not qualify for a conventional/FHA loan.
Look for a hard money lender.
There are a few options that will involve non traditional loan products but they may be a good solution until you have a year of contract employment listed on your most recently filed tax returns.
Please feel free to call me to discuss
Senior VP of Mortgage Lending
773 290 0455
I am going to let my team at Guaranteed Rate answer all your financial questions. Mary Kay Laurent 773-516-6859. It is free to you and Mary Key is to put it simply amazing! She will be able to tell you with 100% certainty what you will need to do. The last buyer I had been not pre-qualified but be approved 36 hours from the time we started because the buyer was organized.
All the best,
Yes, after speaking with a couple of lenders that I've used for some time, given your income and credit score, as long as you are a U. S. citizen and can verify your employment and income you shouldn't have any issues.
Please let me know if i can assist with your search and what areas of Chicago you have interest in.
Thank you and good luck,