Hutchinson, KS News
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Hutchinson News
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Local news for Hutchinson, KS continually updated from thousands of sources on the web. |
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Contact Information
310 W. 27th. Street Hutchinson, KS, 67502
Office: 800-339-8841 Cell: 800-339-8841 Fax: 800-339-8841
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can an unemployed person get a loan? |
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Can someone who is unemployed get a loan?
Generally, lenders will not make loans to unemployed persons because someone without an income would seemingly have no way of making monthly mortgage payments.
However, there are home loans for which lenders require very little loan documentation as long as the borrower puts down a sizable down payment, generally 25 percent or more. These "no-doc" loans are common among self-employed people who say they earn a certain amount of money but whose income tax returns show that their earnings are much lower.
Borrowers should check directly with lenders when seeking a no-doc loan. If specific lenders do not offer them, ask for a referral.
Questions about Hutchinson Kansas Real Estate?
Ask us below or Call us Now at 800-339-8841
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Last Updated ( Tuesday, 29 July 2008 )
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