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Looking to buy a home but running into problems...

My husband and I are looking to buy a home. Unfortunately most of our income is from him, overseas. How are we able to obtain loan in this situation by sallymae32716 from Woodway, Texas. Aug 17th 2017 Reply


Aslam ( Sonny) Mansoor Amlani (Liberty)
#58 ranked lender in Texas - 4 contributions

Question do you fill income tax returns with foreign Income ?Please call me to discuss your Scenario 972 466 2551

Aug 17th 2017
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,862 contributions

Much, Much, Much more info needed to advise you.. Is the income claimed on a filed federal US tax return? Does he pay US taxes on the income? Is his income documentation in English? Is he paid in US Dollars or foreign currency?, etc, etc, etc.. First, if you are going to the local bank or credit union to get financing, then you are definitely looking in the wrong place.. you need to find a qualified mortgage bank.. not the corner bank or credit union.. There are guidelines which allow his income to be used, but you also need a loan officer who understands the rules. your local credit union, part time loan officer, wont have a clue on how to do this.. nor will the corner "big box bank" loan officer understand either.. their job is strictly to take the application, then it get's passed on to 100 other people.. For all these reasons, the best advice I can give you would be to contact a mortgage banker/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Aug 17th 2017
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,477 contributions

In your situation, it will all being about his ability to prove and document his income to meet U.S. mortgage underwriting guidelines. As you see from one of the other answers, a lot more information is needed. Contact a local mortgage broker in your area for assistance.

Aug 18th 2017
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