how can i get approved for a mortgage if i get paid in cash?

Asked by Faby1435, Elmwood Park, IL Thu May 3, 2012

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Pumapaw13, Home Buyer, Elmwood Park, IL
Tue Feb 16, 2016
i was trying to get a money to buy a house i got 2 jobs since like 8 years ago i make around $40000 cash per year....noboby wants to take me...i send my savings to south america and the pay me 10% in a CD in some banks without risking to loss any money $$$$$$ its the best deal i ever got cause here in usa the only give you like 1 to 3 %.....
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Suzanne Hami…, Agent, Orland Park, IL
Thu May 3, 2012
There is no stated income, so you will be approved based on the adjusted gross income on your last two years tax returns only.

If you are not sure, call a lender. I would call a community bank and a larger bank or mortgage company to see what they can approve you for.
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