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Can you get an auto loan as a stay at home mom with no proof of income?
Wiki User
∙ 10y ago
NO. My wife went to auto dealer for new car and they said no auto loan can be approved without income. Either the spouse or relative/friend need as a co-signer.
Wiki User
∙ 10y ago
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Is there any way you can get a loan for a home worth 80000 you have 40000 in the bank but no proof of income?
yes
Can you get a car loan with no proof of income?
No.
Where is a No Income Verification mortgage loan product available to a self employed person w great credit and attractive loan to value ratio?
You can verify your income by providing a tax return no one will give a home loan with no proof of income. It's not even legal.
Credit To A Loan?
In order to get auto loans, you need to have pretty good credit. With banks looking more at the credit someone has, a good credit score will mean a better auto loan for you. There are still some auto dealers who will give you a loan on a car if you can provide proof of income. An auto loan has lower interest rates than housing loans, and they are easier to pay back. You have more flexibility with auto loans as well.
What are the acceptable forms of income proof when applying for an auto loan?
Name and phone number of your employer, social security card, and they will also check your credit score.
Can they take income tax check if get repossession in Arizona?
They can take whatever the security for the loan was. For example, if you have an auto loan, they can repossess the auto. If you have a home loan, they can repossess the home. If the loan was a recourse loan and the value of whatever was repossessed was less than the amount still owed on the loan, they can get a deficiency judgment in a court of law. If the court grants a judgment, they can they take other assets.
How does loan self certification work?
Loan self certifications are especially for people such as the self-employed, who do not have pay stubs or 1099's as proof of their income, to show a loan company or bank. This type of loan asks the person to reveal their income but does not require proof.
How can one apply for a Chase home equity loan?
You need a good credit score of 700 or more, a good credit history and report, proof of employment and income source and a reasonable loan to value and debt to income value.
Is it easier to get a home or auto loan?
It is easier to get an auto loan than a home loan. No matter which kind of loan your trying to get you should also compare several loan option to make sure you get the best home or auto loan available to you no matter what current financial circumstance you may have.
Can the primany buyer of an auto loan refinance the auto loan in the cosigner's name only?
No. The cosigner would have to apply for a loan in their name using their credit, income data.
How can a self-employed individual get an auto loan?
Aply For It Like Any Person Does. Present Income And All OtherInformation. That's It. Self-employed persons can use their federal tax return and bank account information as proof of income.
What is the best document to bring to a bank to get a loan?
Some form of proof of income.
