FHA First Time Buyer

[Erik Nowacki]

Hi Everyone! I'm looking for some sage advice for my son. I'm trying to coach him into a house hack situation, with an FHA first time homebuyer loan. Junior has worked since early 2016, received his first W-2 and filed his tax return this month. The bank told him he has to work 2 years before they will consider him for the FHA first time homebuyer program. My question to the collective wisdom of the BP forums is: Is there a way to get the FHA first time homebuyer loan without a full 2 years of work history? If so, what hoops does he have to jump through to get there? Are there differences between lenders, or do they all apply the same guidelines? Can he apply for an exception from the guidelines? I'm grateful for any suggestions you may have. Happy Investing! Erik