Mortage Trends

Payment Estimator

Calculate your mortgage repayments:

Loan amount: $
Down payment: $
Annual interest rate: %
Term of loan: years
Total interest:
$
Monthly payment:
$
can an unemployed person get a loan? | Print |

Can someone who is unemployed get a loan?

Generally, lenders will not make loans to unemployed persons because someone without an income would seemingly have no way of making monthly mortgage payments.
However, there are home loans for which lenders require very little loan documentation as long as the borrower puts down a sizable down payment, generally 25 percent or more. These "no-doc" loans are common among self-employed people who say they earn a certain amount of money but whose income tax returns show that their earnings are much lower.
Borrowers should check directly with lenders when seeking a no-doc loan. If specific lenders do not offer them, ask for a referral.


Questions about Katy - West Houston Real Estate?

Ask us below or Call us Now at (832) 814-8715
*First Name
*Last Name
*Email
*Phone
Question / Comments
  
Last Updated ( Tuesday, 29 July 2008 )
 
< Prev   Next >

PRTEX_Logo

image63-17.jpg

Contact Information

Sanford & Seretha Sellers
Premier Realty of Texas
23930 Westheimer Parkway #120
Katy, Tx, 77494
Office: (281) 701-1573
Cell: (832) 814-8715
Fax: (281) 944-3933
SSellers@KatyDreamHomes.com
www.PRTexas.net
Lic. #: 0486459

Visit InHouston

Just Listed RSS Feed

See the newest properties as soon as we enter them in your favorite feed reader!

Don't worry about missing the right one... we make it easy for you!
RSS

FREE eNewsletter

Realtor ratings and reviews of Sanford Sellers

Syndicate this Site

Get the newest real estate Information from our site delivered right to your desktop!
eho_logo.jpg
© 2010 The Sellers Team Katy   Real Estate Websites - Free Real Estate Advice - Real Estate Marketing