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Updated over 7 years ago on . Most recent reply

FHA loans and W2 income
Hello all,
I have been looking at multi-families recently with hopes of house hacking via an FHA loan but I have been looking through the forums and learned that FHA requires 2 years of W2 income. I have consistently had W2 income, however, it has NOT been at one full time job for about two years now. I have been working as a part-time accountant for two separate CPA firms. One I am W2 the other I am 1099. I also work part-time as a carpet cleaner on the weekends which is also W2. Between the three jobs I am working 45-55 hour weeks steady. Would my situation disqualify me for an FHA loan? Any insight would be appreciated.
Most Popular Reply

The mortgage lenders want to see last two years of tax returns,last two monthly bank statements,and last two paycheck stubs.Gather that all up and see a local mortgage lender in person about all your financing options and what you really need to qualify for a loan.