Real Estate Education Fleur Howgill September 12, 2023
Borrowers without a traditional or salaried income, such as self-employed individuals, independent contractors, retirees, or others with irregular income sources, have always had to jump through a few hoops to finance or refinance their homes.
While buying a home without traditional income can be challenging, it is not impossible. Here are some strategies homebuyers should consider to finance a home without traditional income:
Buying a home is a dream for many people, but it can be especially challenging for those who don’t have a traditional, salaried income. That’s why it’s important to understand the requirements and work with a mortgage professional to ensure the loan application is packaged correctly with all the needed documentation.
If you are looking to finance a home without traditional income, but you don’t know where to start, let us help! Our team can connect you with a mortgage specialist who can provide guidance tailored to your unique financial circumstances. Let’s get started!
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