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16
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3
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Drae C.
  • Austin, TX
3
Votes |
16
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FHA and job loss

Drae C.
  • Austin, TX
Posted

hello, I've been working at my job for a year now saving to become an investor with the use of a fha a loan but, the company isn't doing so well right now and its possible I could be laid off. Is there any exceptions to the two year employment rule

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User Stats

316
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216
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Scott England
  • Rental Property Investor
  • OK
216
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316
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Scott England
  • Rental Property Investor
  • OK
Replied

It depends on what you were doing prior to this job. I would absolutely disclose the fact you may lose your job, however. Or, better yet, wait to buy until your employment situation is stabilized.

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