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Updated almost 8 years ago on . Most recent reply

Charlie Lehoux's profile image
Charlie Lehoux's profile image
Charlie Lehoux
  • from Portsmouth, New Hampshire
  • Member since Nov 15, 2017

User Stats

4
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2
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Charlie Lehoux's profile image
Charlie Lehoux's profile image
Charlie Lehoux
  • from Portsmouth, New Hampshire
  • Member since Nov 15, 2017
Charlie Lehoux
  • Portsmouth, NH
2
Votes |
4
Posts
Private Lending & Conventional Mortgage Advice

Lender and Funding Help

Charlie Lehoux
  • Portsmouth, NH
Posted

Hi Everyone,

I'm working towards my first property purchase and was hoping to use an FHA loan on a multi-family home to occupy while renting out the other half. However, I'm a 20 year old student without a consistent income. I have a partner at school that wants to work with me on this once we figure out the funding. Will a lender ever consider offering a loan, even a FHA loan to a student with no income and only a few thousand in savings? Doesn't sound likely. Should we focus on finding funds from our local connections or talk to the lender anyway? Any info or help is greatly appreciated!

Thanks,

Charlie Lehoux

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