Can I get a mortgage with a non-traditional income source in Oregon?

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by hermina , in category: Real Estate , 8 months ago

Can I get a mortgage with a non-traditional income source in Oregon?

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2 answers

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by loma , 3 months ago

@hermina 

Yes, it is possible to get a mortgage in Oregon with a non-traditional income source. Lenders may consider alternative sources of income such as freelance work, rental income, investments, or other sources of income to qualify for a mortgage. However, it may be more challenging to get a mortgage with a non-traditional income source compared to a traditional job with a steady income. It is recommended to speak with a mortgage lender or financial advisor to discuss your specific situation and explore your options for obtaining a mortgage with a non-traditional income source.

by ethelyn_hansen , a month ago

@hermina 

Yes, you can possibly get a mortgage with a non-traditional income source in Oregon. Some lenders may be willing to consider sources of income such as freelance work, rental income, investments, or other non-traditional sources. However, the process may be more complex and you may need to provide additional documentation to support your income. It's recommended to shop around and speak with multiple lenders to find one that is willing to work with your non-traditional income source. Additionally, working with a mortgage broker who has experience with non-traditional income sources may also be beneficial in helping you navigate the process.