Conventional Mortgage with less than 2 years of part time work?
Hello,
I am looking to buy an investment property in the Southern California, Antelope Valley area on a conventional loan for a house that would range between 60-100k and putting up to 30-35% down on the house. But, I have part time income from a job that I have been at for 1 year, because I was in school getting a degree that lead directly to my employment. I was reading that lenders do not give loans to people with part time income of less than 24 months, but I was wondering if there are any lenders that do not follow this rule? I currently make about $3300 monthly (41k annually) with student debt that is deferred until 6/2018 that will start $489/month over a 25 year repayment plan, and I have great credit and no other debt. Do you guys have any suggestions as to what I can do, or do I have to wait until the 24 months have passed?
Thanks,
Mahmoud