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Need lender that accepts income for US and Canada

Looking for mortgage lenders who would accept combined US and Canadian income. Want to purchase primary residence in Houston, TX. with a 5% down payment, conventional. Credit 665 by ujbk7409 from Houston, Texas. Aug 24th 2017 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,727 contributions

For conforming loan's, the only income that can be considered is income that is filed on US tax returns.. Unless your Canadian income is on US returns, it can only be considered as a compensating factor, but not as actual income.. If your US income is sufficient to qualify, then the Canadian income wont be necessary.. Aside form that, there are non-conforming loan products that will allow the use of your most recent 12 months bank statements to verify your income.. but the problem with this option is that you wont find 5% down.. 20% is the absolute minimum.. and the rates would be higher as well... If this isn't an option, and you are not claiming your Canadian income, then I would suggest you amend your 2016 returns, add the Canadian income, then claim the Canadian income for 2017.. with that, you now have 2 years, and the income would be considered for qualifying purposes.. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Aug 24th 2017
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