is asset based financing available with fha

No

Asset based financing is available from sub-prime lenders, but at a reduced loan amount, and at higher rates.

Not usually, but it depends on the details. Annuity income would count as long as it was guaranteed to continue for 3 years after closing, same with disbursement from an 401k or IRA. Generally you would need an already established monthly distribution where there were enough funds remaining to last at least 3 years after closing using the scheduled disbursement

No... You need to document an income sufficient enough to make the monthly payment. But that income can come from retirement funds, annuities, social security, etc. www.Minneapolis-Mortgage.net

Not for FHA, no, but on conventional it is an option. I also carry portfolio programs that allow it. However, none of these allow as little down payment as FHA. Conventional with 5 % down is as close as you are going to get. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address for live chat or quote is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

It's possible there is a lender out there doing it, but you'd have to ask around. A representative from Impac Mortgage Wholesale mentioned this morning that they are working on releasing a program that will allow exceptions for people that have a hard time proving income, but that have significant assets (I believe they will require 10% down). If these guys are going to implement it, odds are somebody else out there is doing it already. Try to locate different mortgage brokers in your state and ask them if they work with such a lender.