Home Buying in 33971>Question Details

Rich Brunner, Both Buyer and Seller in Brunnerville, PA

Rich Brunner asked: Has any one any place had a client Use flea marketting income as other income to obtain financing along with a regular job?

Asked by Rich Brunner, Brunnerville, PA Wed Apr 10, 2013

Current situation

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Answers

4
Yes Mr. Brunner ~

As long as it can be documented you should be able to use it. Many folks have other businesses apart from the usual 9 - 5 stint.

I can refer several lenders for you to consult with about your particular situation. My business is run on personal one-on-one relationships with my customers therefore if you contact me I can get your started.

At your service!
0 votes Thank Flag Link Thu Apr 11, 2013
Hi Rich,

Please do yourself a favor, contact

Lewis Strasnick
Mortgage Planner
American Equity Mortgage
NMLS 210167
Cell (386) 547-3021
efax (866) 360-1913
email:lstrasnick@americanequity.com
Get Prequalified Online @
http://lewis.strasnick.americanequity.com/

He be able to pre-qualified, and yes you may be able to use all income if you have records to support the income. Whatever the case, please call Lewis. The Cost is free! You can not beat that. It a good time to buy and a great opportunity time for you as well!

Rich you may find this interesting too: http://pinterest.com/realtorronw/

And great infor about Southwest Florida: http://rwolchesky.wordpress.com/

Hope this helps. Good luck with your property searching.
Ronald (Realtor Ron W) wolchesky
"Success is when we work together to achieve your GOAL!"
License in Florida
Home: 239-349-4684
Cell: 239-209-1923
Fax: 800-632-3096
0 votes Thank Flag Link Thu Apr 11, 2013
0
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If you can prove it by deposits in a bank account it likely can be used on certain programs and/or used as a compensating factor.

See programs below, then contact me to talk about how to minimize payments and reduce out of pocket costs.

1) 100% LTV- VA / (VA Jumbo @ lower ltv)
2) 100% LTV- USDA/12 mo. into Chapter 13 BK…OK Too
3) 99% LTV- FHA / (FHA to 580 score @ lower ltv)

4) 97% LTV- No monthly MI-No FHA 1.75% Fee
5) 95% LTV- CONDO
6) 90% LTV- No PMI -2nd Home
7) 90% LTV- JUMBO
8) 85% LTV- No PMI - Super Jumbo
9) 80% LTV- Invest./Rental
10) 75% LTV- Foreign Nationals

--------STATED INCOME ALT up to Super Jumbo-----------
http://www.StatedIncomeALT.com
11) 80% LTV- FIX n’ FLIP Invest. Prop.
12) 75% LTV- Foreign Nationals
13) 75% CLTV- Short Sale, BK, Foreclosure Forgiveness
14) 70% LTV- Soft and Hard Money
15) LOT/VACANT LAND LOANS
16) COMMERCIAL PROGRAMS-available nationwide

Go to: http://WWW.PRO-OPTION.COM or call 888-662-4404

Steve McRory
Pro Option Mortgage/ Florida
steve@pro-option.com
#204296

Prior Service U.S. Marine Corps
====
0 votes Thank Flag Link Thu Apr 11, 2013
Yes if they have it documented and is paying taxes on that income, it would be classified as self-employed income.

Going shopping for a mortgage. It may seem backwards to shop for a mortgage before you shop for the house, but there are several reasons for doing this. Shopping for a mortgage will also help if you can get “pre-approved” for the amount you’d like to borrow. This means the lender has looked over your credit and financial statement and agreed to lend you the money. Sellers like pre-approved buyers because there’s less risk the deal won’t go through. First, you’ll find out how much you can borrow, which has a lot to do with how much house you can buy. Get my top 25 Questions for FREE that you should be asking your lender before you choose them to secure a mortgage.

Whether you’re, buying, or building your dream home, you have a lot riding on your decision. Market conditions and mortgage programs change frequently, and I welcome the opportunity to serve your needs with quick and accurate real estate financing advice. I have the expertise and knowledge to help you determine the absolute best loan program to meet your objectives.

Ensuring that you make the right choice for you and your family is my ultimate goal. And I am committed to providing my customers with mortgage services that exceed their expectations.. As always, you may contact me anytime by phone, fax or email for personalized service and expert advice.

I look forward to working with you!

Lowell Sterling
Mortgage Banker
NMLS# 968898
LSterling@englending.com
16800 N. Dallas Pkwy, Suite 290 | Dallas, TX 75248
Office: 972-646-2411 | Cell: 214-418-7022 | Fax: 214-614-4637
Bank of England /dba ENG Lending: NMLS# 418481
0 votes Thank Flag Link Wed Apr 10, 2013
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