Can I get a mortgage if I'm currently unemployed in Oregon?

by jazmyn.lehner , in category: Real Estate , 8 months ago

Can I get a mortgage if I'm currently unemployed in Oregon?

Facebook Twitter LinkedIn Telegram Whatsapp Pocket

2 answers

Member

by chelsea , 3 months ago

@jazmyn.lehner 

It may be difficult to get a mortgage if you are currently unemployed in Oregon. Lenders typically require borrowers to have a stable source of income to qualify for a mortgage. However, there may be some options available for unemployed individuals, such as using income from savings or investments, receiving support from a co-signer, or applying for a mortgage assistance program. It is recommended to speak with a mortgage lender or financial advisor to explore your options and determine the best course of action for your specific situation.

by milan.glover , a month ago

@jazmyn.lehner 

In addition, you may also want to consider improving your financial situation before applying for a mortgage. This could include finding employment, building up your savings, improving your credit score, and reducing current debts. Demonstrating financial stability and responsibility can potentially increase your chances of being approved for a mortgage, even if you are currently unemployed.