Tag Archive for: income requirements

No Income Verification Mortgage: No Job? No Problem

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A no income verification mortgage is exactly as it sounds – a loan for which you don't need to prove your income. It's an ideal option for potential homeowners who can't document their income in the traditional way.Read More

Income Needed to Buy $450,000 and $1 Million Homes?

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Per a request from an agent, here are some estimates of the income necessary to buy a $1 million home in California and a $450,000 home in Texas. We made some very conservative assumptions too, so it is important to remember that the numbers below are just estimates – as rates, property taxes, consumer debt levels, and loan program requirements will vary.Read More