Home Buying in Woodside>Question Details

Shahin, Home Buyer in Elmhurst, Queens, NY

I was told that if I put 30% down on a 3 family house, I do not need to show any documents ( salary )

Asked by Shahin, Elmhurst, Queens, NY Tue Jul 22, 2008

I want to purchase a 3 family house, given the curerent market situation, i was told that I can put 30 percent down and I will not need to show any wages or salary. I make $65,000.00 yearly and the cost of the property is $875,000.00. Is this accurate ?

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You must be an awfully good saver, and eat lots of Raman. Please show us how to do the same.

0 votes Thank Flag Link Sun Aug 10, 2008
I think most lenders are shying away from "no docs" loans. 30% is a good downpayment, but please contact a mortgage broker for accurate information on this.

If you need a good recommendation, please contact me off line at Gail@GailGladstone.com.
Web Reference: http://GailGladstone.com
0 votes Thank Flag Link Tue Jul 22, 2008
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