C: Job-Income Source
In order to qualify for a loan, the bank will require that you have a source of income
(Most landlords to rent, rent to own, or sell on a contract for deed will require income)
1. Part-Time job-2 year consistent history (can be different jobs, but 2 years consistent (hourly, salary, commission))
2. Spouse’s income-(If they are going to be on the new loan)
3. Significant other’s income-(If they are going to be on the new loan)
4. Social Security (need award letter or proof of deposit into bank (statement))
5. State/Government monthly money-(Need award letter or proof of deposit into bank (statement))
6. Structured settlement-(Need court order and proof of payments being made (cancelled checks, transfers))
7. Allowance/Gifts from parents/relatives-(Gift Funds are acceptable to FHA, but need income stream as well)
8. Part-Time self-employed hobby income-(Need minimum of 2 years Tax Returns to verify)
9. EBay Business – (Will need 2 years Tax Returns to verify)
10. Flea Market, Farmers Market – (Will need 2 years Tax Returns to verify)
11. Paper Route- (Will need 2 years Tax Returns to verify)
12. Non Occupant Co-Borrower’s income for FHA
13. 1099 income- (Will need 2 years of income to verify)

CONTACT ME:

Email subscribers- Go to any of these sites, to get info by email: RonOrr.com,
RenterLeads.com , RentToOwnBuyers.com , Contract4Deed.com , HomeLoansMN.com ,
MinnesotaInvestors.com, SellMnHouse.com, OverFinanced.com, BankOwnedForeclosure.com

Scenario’s can be emailed to: ron@minnesotainvestors.com

Please answer these questions on your first Voicemail/Email
1. Credit score of everyone on the loan
2. Last Bankruptcy, Foreclosure, or Short Sale for everyone on the loan
3. How long consistent work for everyone on the loan
4. Monthly payment you can afford
5. Total money available you have
6. Your desired move-in date

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http://www.ronorr.com/homes
EMAIL: homes@ronorr.com
TEXT: 'Homes' to: 763-634-1766
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