From the information you provided, you may not be as far off as you think. It might actually be doable. But there are a lot of other factors that come into play when trying to determine how much and/or what type of loan program you could qualify for.
Things like down payment (if any), debt ratio, how long on your job, can you verify income, or verify assets, etc., etc., will all have a big impact on what someone might be able to offer you.
It’s not as simple as just going “stated income” as suggested. Not to mention, if you falsify information on your 1003, that’s called fraud – and you don’t want to go there.
If want, send me a PM or email me, and I’ll do a little research for you, or run a few loan scenarios to give you a better idea of what you’re really looking at.
How much will you be renting it for?
You can go stated income...
[addsig]
Greetings codemap,
From the information you provided, you may not be as far off as you think. It might actually be doable. But there are a lot of other factors that come into play when trying to determine how much and/or what type of loan program you could qualify for.
Things like down payment (if any), debt ratio, how long on your job, can you verify income, or verify assets, etc., etc., will all have a big impact on what someone might be able to offer you.
It’s not as simple as just going “stated income” as suggested. Not to mention, if you falsify information on your 1003, that’s called fraud – and you don’t want to go there.
If want, send me a PM or email me, and I’ll do a little research for you, or run a few loan scenarios to give you a better idea of what you’re really looking at.