Will I Qualify for a 203k loan? Need advice!

[Sammie Reynoso]

I'm currently a college student and have been looking for multi family properties to househack in Connecticut. I have a credit score over 700, been at the same job for almost 2 years, etc. the only issue is that I gross only about $1200 a month since I work part time. Would such a small monthly income affect my eligibility to be accepted for a 203k loan? If not, I'm not sure which route to take considering I have no one else to cosign for me.

[Brendon Foster]

Hi Sammie, 

It would affect your eligibility. the same DTI factors apply to a 203k loan to a regular loan