How can I buy a house if I'm in between jobs?

If you want to buy a home, but don't have a job because of a buy out or some other event, you can still qualify for a mortgage if you have reserve accounts. The calculation works by looking at your asset depletion over 60 months. You take your total assets and calculate a future value depending on the lender. That value is divided by 60 months to determine your monthly income.

This is a great option for individuals who maybe in-between projects or business ventures.

How can I buy a house if I'm starting my own business?

Starting a business is exciting! You've found a problem you can solve or a need in a business sector that you can fulfill. But you still have a life to live and you need a home.

Again, asset depletion may be a wonderful way to qualify for a mortgage. Other options may include bank statement loans or a variety of other non-qualifying (Non-QM) loans. Check out our Non-QM options and/or business loan options.