Depends on your personal financial status and how much debt and assets you have. In the residential market most lenders have obviously left the subprime lending market to pursue FHA and VA loans because they are government participation loans. SBA is the same thing essentially. You put up 10%, Bank puts up 40% and Govt. puts up 50%. If you could qualify for any loan it would be SBA. I would talk to a preferred SBA Lender at a strong institutional bank like Wells Fargo. I don't know if you can borrow against pensions.
Nov 12, 2008