Bart Gabe - Lending Nationwide Since 1987
800 315 8803
Conventional and government insured loans do require income and asset verification in 2014. However, going through the purchase pre-qualifcation process as a first step will allow you to determine what financing options are available to you. With that large of a down payment adding a co-signer may allow you to qualify for the property you're looking for in the event you do not qualify on your own.
I'm always here to help.
On a $96,000 loan amount, your Principal and Interest payment is only going to be about $500 per month, so, assuming that you don't have a lot of debt on your credit report (and with a 760 score, you probably don't) , you're really not going to have to prove that much income.
Even if we added $400 per month for taxes and insurance, you could be approved as long as you've averaged $25,000 per year for the least two years.
It would cost you nothing to have me take a look at your complete financial situation. Please feel free to contact me tomorrow.
Senior Mortgage Consultant
Blueleaf Lending (a div. of Midwest Community Bank)
Unfortunately not. Your income and assets will have to be fully verified. If I can answer any other questions, please contact me at any time.
Thanks and stay warm!
1st Advantage Mortgage
NMLS # 574681
312-608-1555 - M
When you want to buy a home the best place to start is to hire an Exclusive Buyer Agent. EBAs only work with homebuyers and there is never a conflict of interest that will jeopardize your negotiating position. Visit http://www.naeba.org for a referral to an Exclusive Buyer's Agent in your area.
I've written a best selling book called Buying a Home: Don't Let Them Make a Monkey Out of You. It'll teach you how to buy a home without getting ripped off. Follow the link below.
Best of luck!