Home Loans During Seasons of Transition


By Nicole Rueth - December 14, 2018

In a time of transition?

Wanting to buy a home?

Changes in life can often happen fast and you’re just holding on for dear life.  If you have a job change, family change, add new sources of income, retire, or more, you may be finding yourself wondering what your options are for purchasing a home.  Often, people think that during these times of life it’s not a good idea to purchase a home, but we know at The Rueth Team, that there are SO many options when it comes to getting funding for your next property.

In time of job transitions, future income is vital to consider and there are so many great options to help you navigate what documentation and paperwork you need to prove that future income.  You DO have options if you are in a season of job change or a season where you will be making different income in the near future.

But, what about those times when you want to purchase a home, but you have less conventional forms of income?  It’s not a typical salary, but it IS income. We have seen it all, and we know what types of alternative income situations can help you qualify for a loan.  Below is just a quick list of some of these options we can consider:

Alternative Income

  • Alimony
  • Social Security
  • Disability
  • Foreign Income
  • Foster Income
  • Parsonage/Housing Income
  • Marijuana Income
  • Notes Receivable Income
  • Seasonal Income and Associated unemployment income in off season times
  • Oil and Gas Leases or Royalties
  • Rental Income (long term and short term)
  • Retirement Income
  • Stock Options
  • Temporary Employment
  • Tip Income
  • Bonus Income
  • Trust Income

If you need an out of the box mortgage expert, our team is the one to turn to.  We have worked on thousands of loans and unique situations.  We’ve literally seen it all and we can help you understand your options to allow you to purchase the next property and start building long term wealth through real estate!

 


< Go Back