Foreign Income.......Can I qualify ( good credit)
So I am an American citizen living in Northern California. I have been employed by a Greek firm for the past 5 years and all of my income is wire-transferred directly to my bank account from them. I have good credit and am looking to purchase a home now and I am not sure if this income will qualify me...what can i do? by james3923 from Sacramento, California. Jul 19th 2010
Akali Dennie (adennie)
#54 ranked lender in Florida - 196 contributions
Yes, you can use that income. We are NATIONAL direct lenders and can have an approval in your hands the same day. Please shoot me an email. Thanks.
Marc Noddle (MNoddle)
#232 ranked lender in California - 8 contributions
What is your down payment for subject property? Please provide specifics and I can take the income question to management.
Matt Baker NMLS#190779 (MattBaker)
#31 ranked lender in Arizona - 75 contributions
The short answer is YES. However it is predicated upon whether you file US income taxes. If you file your income with the IRS, as you should since you are a US Citizen than Yes. i am acutally working on a similar loan for a client. I am licensed in CA and would be happy to help you. Thanks
Matt Davis (Matt Davis)
#151 ranked lender in California - 52 contributions
Hi James,As long as it is able to be documented, in most cases, you should have not rouble, just a bit of paperwork.Best,Matt
Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions
James,This just requires a Letter of Explanation and a little more documentation. I've had several borrowers with your situation, except all documentation was in Chinese. It wasn't Greek to me. .... Happy funding, Rudi
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