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Private Lending & Conventional Mortgage Advice

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Sam Regan
  • Real Estate Agent
  • Santa Barbara, CA
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Would I be able to obtain a mortgage loan?

Sam Regan
  • Real Estate Agent
  • Santa Barbara, CA
Posted Oct 28 2014, 00:10

I am 21 years old. I make 32k a year. I have been at the same company for almost 2 years. I have a FICO score of 745. I have 3 credit cards all in good standing. Just leased a car 3 months ago, payment is 238 a month. I currently live at home with parents right now. I really want to buy a condo to flip. I live in Southern CA and I am trying to spend around 100k. Do you think I would be approved for a mortgage? If not, what steps can I take to be approved in the near future? Any advice for someone starting out?

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