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Updated over 8 years ago, 09/07/2016
How can I get financed
I've hit another brick wall in financing a property. In March 2016 I had previously attempted to finance a property through a big bank. Was pre approved but didn't find a suitable property before pre-approval deadline. Fast forward to now and there is a property that fits my needs. The financing issues now: Firstly I have decent credit: 708, 703, 685. Secondly, my income is flat rate with a consistent average of $760 per week. The property I'm interested in has a sales price of 70k and is listed on the hudhomestore website. It honestly doesn't need much of anything but may require a renovation loan based on listing. The issue I'm having, embarrassingly enough, is that I didn't get into this current job making $760 per week until Late March of this year and my previous job income was pathetic making $11 per hour at 37 hours per week. I've doubled my gross since March. The problem comes when the few banks I've spoken with average my current income/ytd with previous 2 years w2's and can't get me to even 70k based on their rules. I know damn well I could afford this home and pay accordingly. Are there any other options or ways around this? Can anyone help? Any advice would be awesome.
Thanks,
Dan