Can I Buy A House With No Job -

: While 3%–5% is common for workers, unemployed buyers are often required to put down 15% to 25% .

: You can qualify using documented, steady income from non-employment sources such as: Social Security or disability benefits. Pensions and retirement account distributions. Investment dividends or interest. Court-ordered alimony or child support. Rental income from other owned properties. can i buy a house with no job

: You may be required to show 6 to 12 months of mortgage payments set aside in savings. : While 3%–5% is common for workers, unemployed

: Lenders use your liquid assets (savings, stocks, retirement accounts) to calculate a "theoretical" monthly income. For example, a lender might divide your total assets by 360 months to determine qualifying income. can i buy a house with no job