Posted on: 12th Dec, 2010 05:58 pm
I have a house under contract for $55k (assesed at 83k), but am having trouble finding funding. I have commision based income and the house needs repairs. My FICO is 800. Are there any loans out there for this situation? I'm in NY
Welcome sarah,
As your income is commission based, not all lenders will be ready to offer you a mortgage. You may contact the local lenders offering personal property loans and check out if they can help you in this regard. In today's market, there is hardly any lender who can offer you a NINA loan.
As your income is commission based, not all lenders will be ready to offer you a mortgage. You may contact the local lenders offering personal property loans and check out if they can help you in this regard. In today's market, there is hardly any lender who can offer you a NINA loan.