Buying First Multiplex with FHA Loan While Working Part Time

[Mark H.]

Hello everyone,

I am currently looking to buy my first property. About me:

• Decent credit score/history
• Enough capital to cover down payment, closing costs, repairs, etc.
• Working 30-40 hours a week (do not have 2 years of employment history)

What I am looking for:

• Buy and hold multiplex (2-4 family)
• House-hack
• Using FHA loan (possible 203k loan if necessary)

I am wanting to move out (currently still living at home) and live in a house hacked duplex/triplex/quadplex. I have spoken with a mortgage lender at a national bank and have attempted to go through a pre approval process for a FHA loan...however they would not even begin the process because I lack 2 years of employment history. Is this really a hard requirement? I am currently working as an intern (30-40 hours a week) year round, and my income is enough to cover the front and back end ratio requirements. Any tips/suggestions on how to move forward? I really would like to take action soon rather than waiting to get 2 years of employment history.