You requested information on purchasing a primary residence.
 
To assist you better, please answer the following questions
 
Full Name:
Email:
Phone:
Please answer the following questions
 
Are you a broker calling on behalf of client or a client directly?
What is the address of the property you are purchasing?
Do you already have a signed purchase contract?
What is the purchase price?
Is there a reason you cannot get a conventional loan?
What is your mid FICO Score?
What is the maximum percentage you can put down?
Unlike investment properties which require zero proof of income or any debt to income evaluations it is the exact opposite with a primary residential loan. To get qualified by the lender of your choosing you would need to provide proof of two years income. You can utilize bank statements or tax returns. Taking into consideration your existing debt plus the new purchase your debt to income ratios must be at or below 50%. These are government guidelines all lenders must follow. They are called Dodd Frank Act regulations. You can read all about them online.