Can I get approved for a 35% LTV mortgage without a job? Need $175k to buy out sibling's share?
Conservative current market value of house is $500k and I need $175k to buyout sibling's interest in this inherited home. Will they lend without being employed. Our income is from investments and wife's permanent disability. We have about $150k in ira/401k,investments. Our income is from investments and from wife's permanent ss/disability. by rghube_187_348 from Tucson, Arizona. Mar 29th 2013
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
Because you have investment and other income, you don't need to have a job. NOVA's located right here in Tucson and I'd be happy to help. Give me a call or complete the secure quick application found at at http://www.loansa2z.org/Quick-Application.php. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950
Hans Bruhner (Hans Bruhner)
#132 ranked lender in California - 125 contributions
you don't need a job, you need income to qualify for a loan and it sounds like you have disability income and investment income and both of those are fine. The IRA and 401k money will not help unless you are of retirement age. You should contact a local lender in AZ
David Kester (davidkester)
#77 ranked lender in Arizona - 23 contributions
Please call me I think I have a way of doing this l loan for you. David Kester 602-828-6500
Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions
A private investor could be your answer. I can help you locate a source. If you are both over 62, you qualify for a reverse mortgage, with no income qualifications except the ability to pay property tax and hazard insurance. You can treat the reverse mortgage just like a regular bank mortgage, and make monthly payments, if you choose. My phone is 503-620-2239.
David Kester (davidkester)
#77 ranked lender in Arizona - 23 contributions
As long as you have credit scores and income you should be okay. Please call me 602-628-6500. David Kester with Academy Mortgage.
Jeff Lira (LiraJett)
#105 ranked lender in Arizona - 2 contributions
Just closed on a lone with asset accounts. The ability to make payments is the key.Sonoran Desert Mortgage BrokersJeff 602-625-6351
Peter Savino (855411LEND)
#99 ranked lender in New Jersey - 332 contributions
Income is what is required for a loan, basically any type of funds that are paid on regular basis. Some investments can work, permanent disabiltiy can work, S.S. can work. If I can help you further www HOMEMORTGAGEXPERT.com
If you are still in the market to provide you the best program to buy out your siblings interest on the home, then call me at 480.516.1478.Robb Asbjornsen with Peoples Mortgage, Co. Id be happy to know with the answers you have been given below what they are offering you. Thank you... Robb
Ask our community a question.
Get an answer
Related Questions
