FHA Loan Qualifications
Hello,
This is my first time posting in the forums. However, I have been researching methods, listening to podcasts and reading articles here on BiggerPockets.
I am a recent college graduate with little capital and loan repayments starting soon. My plan is to get buy a small multifamily house in the Midwest or cheaper areas in Pennsylvania (Currently I live in Richmond, VA which is hard to find a deal) and rent the other units out. From my understanding, FHA Loans require a two year employment at the same company.
So here is my question, if I land a job in the Midwest that pays well and I could pay the mortgage even without renting the other side out, I would fail to qualify for the loan. Is there any way around two year employment or do I have to keep the same job for two years and then apply for the loan? Simply asking, do I just have to wait and then begin my real estate career? Thank you in advance.