morgage loan problems?

4 Replies

I work a job off the books and don't qualify for loan. I have a good credit score but I can't get a loan because of a proof income. How do I get a loan?

get a stated loan put 30% down have lots of cash in the bank if you want around 4.25-4.75% in rates or you can go hard money around 10-15% in rate with points or you can negotiate seller financing if you have a decent down payment.

Medium new american funding logo  Albert Bui, New American Funding | [email protected] | 949‑514‑5106 | http://albertbui.com | CA Lender # 345453, WA Lender # 345453, TX Lender # 345453, TN Lender # 345453

Off the books means not reporting. Hello?

Originally posted by @Robert Vel:

I work a job off the books and don't qualify for loan. I have a good credit score but I can't get a loan because of a proof income. How do I get a loan?

 What do you mean by "off the books"?  Is that under the IRS radar or is it simply self-employment income?  In the latter case, supply income tax returns to lender and you'll be fine.  

In the former case where you essentially show zero verifiable income, you'll have a very, very difficult time getting a loan of any kind (other than maybe a private lender).  And as far as I'm concerned that's the way it should be - you would be doing something illegal and are mooching off the rest of us taxpayers.

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