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lhoughta · Joined: 01 Apr 2011 Posts: 1 1.87 Dollars($)

I worked in Asia for 15 years and retired in 2004 from a USA company. Since 2004 I have not lived or worked in the USA so no W2's. I am returning to the USA to live in Pennsylvania again and want to purchase a 3 unit commercial zoned investment property in Pennsylvania for $72,000 I intend to put down $20,000 so I would like to mortgage $52,000 and pay all cost and property upgrades from existing cash. I have $85,000 cash in USA bank accounts and I own a condo in New Jersey valued at $300,000 with no ($0) mortgages or liens that generates $1,700 a month in rent and has been occupied for 6 consecutive years. I have some stock, other income and will get monthly social security of $1700 monthly begining September 2011. I have a credit score of 781 have paid off 4 USA car loans and 2 mortgages in the past 10 years and have never been late on any monthly payments on loans, credit cards or mortgages. What can I do to get a mortgage or equity loan without the W2's?

jameshogg · Posted: Sun Apr 03, 2011 8:56 pm Post subject:

Hi lhoughta,

If you have a documented proof of your income in Asia, then that might help you in qualifying for a mortgage. You should contact the local lenders with that proof and check out if they can help you with that loan.

Thanks

gmakerley · Posted: Mon Apr 04, 2011 8:38 am Post subject:

Your rental and Social Security income might be sufficient, depending on your other indebtedness, if any. Ask around locally and see if someone will bite.

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