First Of Many Questions....
My girlfriend and I just refinanced property in Wash DC we have owned for 2 years. I pick up a check for $90k tomorrow. I think there will be another $70k if we sell the property outright. We are thinking about moving to Vermont. We want to use some of this money as a down payment on a new place which really doesn't need much work.
So the question is: If It's not likely that we'll find jobs right away, how can we buy the house in VT that's priced at $220k?
you will be able to put well over 20% down. For an owner occupied property with average credit you should have no trouble getting a no doc loan
Yep, just do stated income. No what you need and state it. Helps if your in business. Can I recomend lender? Newbie not sure about rules. We did a simaller move from one state to another, no problem with purchase did 3 day seperation from close of sale to close of purchase (time to move) Good luck with move. :-D
We found a lender to do a stated income loan.
They said they like credit scores over 700.
Fortunately we do. Are there other nationwide lenders who do lower scores or is it better to shop in each state for no doc lenders.?