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Lender Requirements for a Contractor

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AuthorMessage
irondoll



Joined: 11 Aug 2006
Posts: 5

PostPosted: Thu Jan 18, 2007 5:08 am    Post subject: Lender Requirements for a ContractorReply with quote
Greetings, I have been reading for a while but have a newbie question.

DH has been employee in same field for nearly 20 years but is seeking contracting instead of employement so my question is;

What will a lender require in the application phase of a new mortgage if he goes contractor instead of employment?

Thank you in advance for any advice on this.
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The Mortgage-Pro
Site Admin


Joined: 19 Jan 2005
Posts: 2248

PostPosted: Tue Jan 23, 2007 4:13 am    Post subject: Reply with quote
It will depend on the credit score. Which state are you looking to buy in?
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