How to find a mortgage broker in CA for my situation

[Account Closed]

Hi everyone,

I am currently a graduate student with 1 year of part time income. I have read that since I was in school that lead directly to my job, this can make up for the part time income requirement of 24 months. But, I have been having some trouble finding a broker in Southern CA, and I haven't had much luck so far with the ones that I spoke to. What are the chances of getting pre-approved for a mortgage loan when I have less than 2 years of part time income? I have been working at my job for over a year, making ~$3400 monthly (41k annually) where I was in school for the previous years. I read this can make up for the 2 year part time employment requirement. I also have student debt deferred until 2018 where the first loan payment over a 25 year plan would be about $620/monthly (1% of the current loans would be about $1000). I have no other debt and credit over 720. I am looking to purchase in the antelope valley, an investment property ranging between 60-100k with 20-30% down.

One lender I spoke to told me that I would be pre-approved for a loan if the total costs (origination fee, appraiser fee, closing etc) was less than 5% of the total loan. Is this true for most lenders? A small loan will always have costs over 5% of the total loan, but I thought this was my responsibility to pay it off in cash before closing on the house. Anyways, any tips on how to find the right brokers?

Please let me know.

Mahmoud