I've been working for the last 6 months through a company so i can provide a w2 now. but the last 2 years before that i cant. what can i do. besides a co-signer
2007-06-29 09:38:09 · 7 answers · asked by confused 2 in Business & Finance ➔ Renting & Real Estate
I was getting paid cash
2007-06-29 09:39:11 · update #1
Actually you don't need proof of income for 2 years. You just need to be able to explain what were you doing for the last 2 years. For example if you were in school you just show them a diploma, showing when did you graduate. If you were self- employed you can show tax returns for the last 2 years.
Go to a mortgage broker, and they will be able to help you. Don't go to a local bank, as those use the most strict guidelines, a broker might find a bank that will be willing to accept an alternative proof of income.
Good luck.
2007-06-29 09:52:30 · answer #1 · answered by Alexander K 3 · 0⤊ 0⤋
You need a creative loan officer. I suggest Hometown Banc Corp. They may be your best opportunity for someone to say yes. If your credit does not measure up, they don’t simply “forget to call you back.” They help you get into a credit repair program you can afford regardless of income. Check out the free evaluation form at the source website and a Hometown loan officer will contact you .
2007-06-30 14:54:46 · answer #2 · answered by stephen l 2 · 0⤊ 0⤋
Not all loan programs require verifying employment or income. Depending on credit, if it isn't stellar, look into using bank statements. Usually on the loan application, you just need to list all employment for last 2 years and verify your current employment and income. Still alot of unknowns on my end to give exact advice. If your in PA or MD, shoot em an email and we can review your options. ctmackenzie@amdream.net
2007-07-02 11:29:53 · answer #3 · answered by jim r 2 · 0⤊ 0⤋
cash in hand makes a big difference, but unless you look for a non-conforming loan, you will need to have proof of income for two years. Use bank statements, cancelled checks. Were you not paying taxes? Have as much down payment as possible.
2007-06-29 16:45:40 · answer #4 · answered by cashmaker81 6 · 1⤊ 0⤋
your credit has to be good ...some lenders will lend you the money if you have 12 months on the job....but usually its 2 years....and your interest rate may be higher because of this...it also depends on what you make...
2007-06-29 17:42:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋
bank statements or tax returns, or if you have really good credit, some company's let you go no documentation loan.
2007-06-29 16:42:05 · answer #6 · answered by marxistharpist 2 · 0⤊ 0⤋
buy? Foreclosure is the best option. Here:
http://www.foreclosureinfousa.net
2007-06-29 17:18:59 · answer #7 · answered by Anonymous · 0⤊ 1⤋