You Don’t Need to Be Perfect to Get a U.S. Loan Anymore
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Bank of America Corp., the third-largest U.S. mortgage lender, refused to give Paul Mataska the loan amount he needed last year after he had a six-month layoff from his job in 2012. That setback didn’t prevent a Canadian lender from providing the electrician the loan this year.
The U.S. unit of Toronto-Dominion Bank approved a mortgage for Mataska through its new program with flexible income and low down payment requirements. He’s scheduled to close on his $269,000, three-bedroom bungalow in Bayville, New York, this week.