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union boilermaker for 8 years making 70,000 to 80,000 a year working 6 months a year how do i go about getting a home mortagage?

by lisa.s_705_659 from Pittsburgh, Pennsylvania. Feb 28th 2013 Reply


Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,875 contributions

Got sit down with a local mortgage broker, not a bank. They will take your loan application and walk you through the process, discuss your options, and eventually get you to a closing table where you will be handled the keys to your new home!

Mar 1st 2013
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,588 contributions

The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. 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

Mar 1st 2013
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Mike and Jill Kohler (LenderMike)
#32 ranked lender in Pennsylvania - 56 contributions

To apply for a mortgage, you will need to provide your last 2 years W-2's, a months worth of current paystubs, and last years tax return. If you are purchasing,your middle credit score should be above 640. FHA requires a minumum of 3.5% of the purchase price, plus your closing costs. If you don't have the money for closing costs, you could have your agent structure your offer so that the seller will pay the costs. These are the baseline minimums of a home purchase. After applying for a loan, your loan officer will work with you on the other details required for your loan to be underwritten. There are too many variables to list here. If you'd like to apply or be prequalified, visit http://www.NetEquityLoans.com and we'd be happy to help you

Mar 1st 2013
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,237 contributions

It shouldn't be an issue as long as it is consistent, you have acceptable credit, your debt ratio's are reasonable and you have the needed downpament and other funds. Pick a reputable, experienced loan officer and company. There are good people at banks and brokers, and there are those who might not be recommended at both types of lenders. IF you get the right person it doesn't matter where they work - there are plenty of horror stories about both. I have a blog on this site "first steps" you might want to check out before you get started. Good luck, let me know if I can help.

Mar 1st 2013
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Amber Bushnell (amber1970)
#57 ranked lender in Pennsylvania - 8 contributions

I actually just did this for a union crane operator, same scenario, the union would send him to maybe 10-15 diferent jobs for 10 days, 8 days , 1 day etc. all said and done he worked 6 months per year average and we closed in 4 weeks. Call me @ 724-742-2383. I am local here in the North Hills. Amber L. Bushnell NMLA 330763Golden Oak Lending

Mar 21st 2013
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Amber Bushnell (amber1970)
#57 ranked lender in Pennsylvania - 8 contributions

I just did this for a Union Crane operator that in the last two years worked only an average of 6 months each year, yet made well over 100,000.00 per year. I am local in the North Hills with Golden Oak Lending call me @ 724-742-2383 my name is Amber Bushnell NMLS 330763

Mar 21st 2013
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