Home Buying in 02478>Question Details

linm329, Home Buyer in Waltham, MA

Only verifiable income is soc. security. 401k and cash assets are triple loan amt.. Which lenders offer "no income verification" loans in MA

Asked by linm329, Waltham, MA Sat Apr 20, 2013

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5
At Washington Trust we offer asset depletion loans which will allow you to treat your assets as income. You can contact me at wcniland@washtrust.com. Bill Niland
0 votes Thank Flag Link Tue May 13, 2014
I would contact a local lending professional to help with this answer.
There is not enough detail in your question.

I know this guy can be helpful: rtranchell@totalmortgage.com
Bob Tranchell Total Mortgage Services LLC (508) 367-5731 cell


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0 votes Thank Flag Link Mon Apr 22, 2013
It is but usually not nearly enoighh to qualify for an ave sized mortgage. The poster asks about a stated income which in the past was used to "inflate" actual income for those who couldn't qualify full doc
0 votes Thank Flag Link Sun Apr 21, 2013
Richard- I am not a mortgage professional but isn't the social security used as income?
0 votes Thank Flag Link Sun Apr 21, 2013
None. You can only use the 401k as income if you are taking out distributions.
0 votes Thank Flag Link Sun Apr 21, 2013
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