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Omly have 1 year of W 2's

I work for my family business and have a great credit score but only 1 years ok w 2's. Can I get a loan if I put down 20%? by lip54@aol.com from Katy, Texas. Mar 28th 2011 Reply


Jake OLeary (joleary)
#28 ranked lender in Washington - 11 contributions

Here at AmericaHomeKey,Inc in Washington State would be able to review your situation to make sure you would qualify. A few questions would need to be answered: What did you do the year before? In school, unemployed, paid under the table, and etc. I think you would have great shot at moving forward. If in WA go to www.giveyourselfthekeywa.com and submit a application or call to 360-915-9609 to get the process started. Thanks Jake O'Leary

Mar 29th 2011
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ALLEN PERRY (aperry)
#372 ranked lender in California - 8 contributions

I agree with R Glover below. The easy answer is yes you can get a loan. But in reality we all need to know more about your situation. Once we know your situation regarding your historical employment weather or not you have an ownership interest in your family business; we can better structure a loan to meet your needs. In addition you will not ncessarily have to put down 20%. Give me a call at 949-212-3984 if you have any questions. Good luck.

Mar 29th 2011
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Todd Tholl (toddtholl@leader1.com)
#4 ranked lender in Iowa - 239 contributions

Need more info to give you an accurate answer. Are you part owner of the business? What were you doing the previous year for employment?

Mar 29th 2011
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Dan Paladin (dpaladin)
#356 ranked lender in California - 792 contributions

I do have access to lenders that would allow just 1 yr of income...so it is available. What state are you in? Feel free to contact me to discuss your scenario. 877-369-4319.

Mar 28th 2011
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Eddie Sexton (esexton)
#7 ranked lender in Kentucky - 54 contributions

We can lend with one year of W2 statements. Please call me at 866-766-1918 and I'll be glad to prequalify you for your purchase.

Mar 28th 2011
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Richard Glover (rglover)
#35 ranked lender in Illinois - 69 contributions

Everyone makes things sound so easy. The answer is yes, but until your entire picture and history is disclosed nothing is certain. There are a lot of questions that need to be answered first. Do you have ownership in the business? Is it more than 25% (we will need business tax returns in this case). Why only one year? Were you in school? What were you doing previously. Before assuming that anyone posted can help you, be sure that the rest of the information is reviewed and discussed to avoid a "whammy" after you have already paid an application fee. Irresponsible commentary like what I am seeing as an answer to your question is one of the reasons why we have so many issues in our industry.

Mar 28th 2011
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