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Updated about 2 years ago on . Most recent reply

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Charles Green
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Applying for a home loan with investable capitol but no job?

Charles Green
Posted

So I’m currently at the point in my life where I have a good portion of capitol accumulated over the years being an athlete, however, I’m in between employment so I’m having issues applying for loans from lenders although the cash is there? Anyone have any creative ideas that can help me maneuver this issue? Or will I need to get a traditional job to make lenders feel secure?

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
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  • Virginia
ModeratorReplied
Quote from @Charles Green:

So I’m currently at the point in my life where I have a good portion of capitol accumulated over the years being an athlete, however, I’m in between employment so I’m having issues applying for loans from lenders although the cash is there? Anyone have any creative ideas that can help me maneuver this issue? Or will I need to get a traditional job to make lenders feel secure?


 Unless you can get seller financing or alternative financing traditional lenders will need to have you confirm the ability to repay, and without income they will most likely not approve the loan

  • Chris Seveney
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