Can someone qualify for a home loan with only collateral?

2 Responses to “Can someone qualify for a home loan with only collateral?”

1. Paul M says:

   October 31, 2010 at 2:19 am

   I don’t believe that would be possible, its very good you have that much saved but also the bank will want employment verification and every home loan will require a down payment, even FHA requires a minimum of 3% down.
2. Connie L says:

   October 31, 2010 at 2:29 am

   Probably not, how exactly do you expect to qualify or pay for the mortgage? People with jobs are getting denied for mortgages!

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