I have not a lot of money but a significant amount of stock options. Wells Fargo doesn’t take my options into account for a home loan, though I think they should (they also won’t loan for a TIC, but that’s another topic). Do any loaners take stock options into account when giving loans?
They did in the late 90's, but then people were so screwed after 2001 dot-com crash.
I don't think anyone will give a traditional mortgage on a TIC. Almost no one will take options into account. If they do, expect only a fraction of their value to be counted. In general, I don't recommend buying if you are relying on the options to pay.
I was referring to vested
Even if you find someone willing, don't do this obviously. Your options could be worth millions, nothing, or anywhere in between and you won't know for an indeterminate amount of time.
Please let me know if this works out. I’d like to buy from you in a year when the lender forecloses on you.
Credit unions do.
Can you name any? Thanks