Asked by circle110, Chicago, IL • Sun Jan 20, 2013
I'm returning to the Chicago are after a four year sabbatical living abroad and wish to be a house in the $150K range. Here is my situation:
I have (just) $150K in available funds but I don't want to tie it all by paying cash for a house.
I will be working a new $60K per year job, but as a contract employee and not a W2 employee.
I have a credit rating of 810.
I would be willing to make down payment of up to 50%.
So, do assets, a big down payment and an excellent credit score mitigate the fact that my job will not be as a W2 employee enough that I could secure a loan?
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