Posted on: 06th Jun, 2009 10:57 am
Hi can I get a mortgage while unemployed?
May be possible........
be specific..........
Provide all details
be specific..........
Provide all details
No all lenders will ask you if your employed or not and if your not it will be near impossible to get a loan im sorry.
Hello Everybody on this forum. :D
Yes, mostly lenders will not ask you for you employed of unemployed & few things related to get loan with your employable. but they will ask you for your annual income. You must have sufficient income to get loan & you have to maintain your fico score to get loan.
But your employment will help you to approve your loan faster. Lender never saw your employment but they mostly giving attention on your annual income to give loan.
More people is still unemployed by today's market condition. This is very serious this for our country.
Thank you so much.
Daniel Corral.
:D
Yes, mostly lenders will not ask you for you employed of unemployed & few things related to get loan with your employable. but they will ask you for your annual income. You must have sufficient income to get loan & you have to maintain your fico score to get loan.
But your employment will help you to approve your loan faster. Lender never saw your employment but they mostly giving attention on your annual income to give loan.
More people is still unemployed by today's market condition. This is very serious this for our country.
Thank you so much.
Daniel Corral.
:D
are you serious. Who in 2009 is giving loans to unemployed people?
Hi,
There are hardly any lenders who offer loans to unemployed people in this present market condition. The borrower needs to have at least 2 years stable employment history in order to qualify for a loan. No lender would want to take the risk by offering money to someone who does not have a stable job and income to be able to afford the mortgage payments.
Thanks,
Jerry
There are hardly any lenders who offer loans to unemployed people in this present market condition. The borrower needs to have at least 2 years stable employment history in order to qualify for a loan. No lender would want to take the risk by offering money to someone who does not have a stable job and income to be able to afford the mortgage payments.
Thanks,
Jerry
i have seen too many references to "hardly any" and mostly lenders" and "near impossible" and "may be possible not to jump in and add my incredulity at the responses along with that of johnnyloans.
how in the world can any of you make statements like that? please, people - let's be realistic.
how in the world can any of you make statements like that? please, people - let's be realistic.
Hi george, I just dont want to crush there hopes. It is impossible to get a loan while unemployed.
asmith
If you are unemployed but can show some other source of income, probbaly that may help you to get a loan
But everyones situation is differnt and will be determined when you call some lebders
Good luck and feel free to ask
If you are unemployed but can show some other source of income, probbaly that may help you to get a loan
But everyones situation is differnt and will be determined when you call some lebders
Good luck and feel free to ask
no job = no loan
so succinct brian...thank you for your addition.
in this economy no job will get you no loan anywhere.