Why can't I get a loan?
I have perfect credit. It is well over 800. I got married, left my job of 4 years, moved to another state, took about 4 months off to get settled in then went to work for my husbands business doing the same thing I did before. I make a salary per week which is a lot more then I did make and have stubs to show it. I started working for my husbands business in Jan. 2012. I have went from making 35 /40 per year to 89. I would like to get a property loan or maybe even a property construction loan. I do not want to add my husband because his credit is not good because of a divorce. I seem to be having trouble doing this and do not understand why. The property is 280 we have 140. by chaseb_471_758 from Jacksonville, Florida. Apr 25th 2012
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Generally speaking, it would sound like everything should be OK - Except in your case, lenders are very suspect because you work for your husband. They now want a two year history of tax returns, etc. Some other sort of third party evidence your pay is real - You are guilty until proven innocent. There are potentially non-traditional options to get a loan now, and refinance into something traditional in the future.
Ask our community a question.
Get an answer
Related Questions
