Applying for a mortgage while taking out student loans...
Hi everyone!
Background: I'll be starting medical school this next academic year. I know I won't be able to work while I'm in school and that my cost of living expenses will financed by existing savings and/or loans. My plan is to minimize my living expenses and get started in real estate at the same time by purchasing a SFH or small multi-family that I can househack. I'm trying to find a way to finance the deal as before I contact a realtor so I'll be ready offer on a great deal when I find one but, since I won't be working, I'm anticipating that I won't be able to qualify for a traditional loan on my own. I'd like to see if I'm not missing a better way forward before I dive too much deeper into my other options, like using a hard or private money lender or finding a partner.
Question(s): Would I be able to qualify with a cosigner? Also, does anybody have any experience obtaining a mortgage as a single, unemployed, full time student? Will having one form of debt (new student loans or mortgage) damage my credit and prevent me from qualifying/applying for the other (mortgage or new student loans)?