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Old 10-04-2010, 03:37 PM
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Join Date: Oct 2010
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Default WHERE CAN i GET A PRIVATE 1ST TIME MORTGAGE,

HAVE GOOD CREDIT BUT INCOME IS ALIMONY? I need a private loan for a first time mortgage. Recently divorced, starting my own business. I receive alimony monthly and will through July 20, 2013. My credit score is 740 and I have a substantial amount of cash down. I was just turned down because alimony went into effect 10 days prior to the application date. Otherwise approved, ugh. I live in the house I want to buy and have until October 31st to close or I am out.How do you know if a bank does private lending or where can i find a list of them. Fannie Mae guidelines can use alimony as income as long as it is continuous for 3 years from the date of application. As that date has passed, I am in a bind.
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