All mortgage loans programs require a verified job with sufficient qualifying income. If you are presently unemployed and have no other source of income, then you would not meet that criteria.
Other potential qualifying income could be Social Security, VA Benefits, Alimony, Child Support, etc. If you are self employed, you must be self employed at least 24 months and have 1-2 years of tax returns verifiying your self employment income. If you are a W-2 employee, you must be employed at your current job at least 6 months if there was a previous job gap of 6+ months.
No Doc loans where employment is not verified have been gone since 2007. All loans today are full doc.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyle Renovation | VA | USDA | GA Dream | Jumbo Financing