Updated over 3 years ago on . Most recent reply
Looking for some feedback
Hey, I am a collegiate student athlete and get a cost of attendance stipend which pays for my living expenses. I have yet to work a W2 job and have saved up a ton of money from non W2 work. I want to house hack here in the next few months, but dont know which way to go about getting financing. I have enough money to put 10-20% down on some houses. My father is willing to help/co sign, the thing is I dont have a working income so Im unsure how the lender will look at me and what possibilities I have of getting a loan (I have really good credit score). I have been looking at home possible or just a conventional loan. I know some lenders will take in account the rental income you are getting as well. Would love to get some input to help me with this, thank you
Most Popular Reply
Honestly, find a good loan officer and let him or her determine the best loan product for you. I think you should stay with a conforming loan and not worry about noncorforming products such as the dscr right now. drop me a message if you want a lender referral. Without going over the specifics of your finances, I don't see you really figuring out the proper loan product for you over a public forum.