Freelance-friendly mortage lenders
Freelance-friendly mortage lenders
Out of context: Reply #4
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- ETM0
You applying yourself or with a co-signer? If your co-signer is "traditionally employed" it helps a lot.
From knowing a self-employed friend in the U.S. looking for a mortgage now, it helps to have a 720-750 or higher credit rating, 30% down and 3 years of validated income (i.e. from IRS). From what I understand, if you were to say made $100k two years ago, then $50k last year, they basically average you out to a $75k wage, even if you are on track for $100k again this year.
Sorry, not specific to providing an actual institution...
- Helpful though, thank you!
wordsarepictures - You can get one with less down, but you may not get the nice interest rates, which can hurt in the long run.ETM
- Helpful though, thank you!