Financing first live in investment property

Financing first live in investment property

Greenwood, IN · Member since 2019 · 19 posts · 2 votes

Im going to be really honest in hopes someone could give me some valuable advice on possible financing situations. Does anyone have experience getting a loan with poor credit (low 600's) and not 2 years of work experience in the same industry? I have a decent paying job right now (60,000) however I've only been with them for a few months. I know there's other ways around it but just want to see if anyone has gotten started in the same situation. Any advice would be great. This will be my first purchase and do plan to live in it for a couple of years refinance and move and buy more properties. Thank you!

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  • Harjeet BhattiPro Member
    Lender · Glenview IL- CDLP NMLS#230554 · Member since 2015 · 2k+ posts · 747 votes
    6y

    @Dalton Foote You have 2 years history in same line of work. Working with new employer in same line of work is fine. Because of lower FICO you may get higher interest rate but shop around it and see who can give you better interest rate. 

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