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Updated over 6 years ago on . Most recent reply

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15
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3
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Jake Sink
  • Jacksonville, FL
3
Votes |
15
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How long until you can be approved for FHA loan?

Jake Sink
  • Jacksonville, FL
Posted
Hello, I’m sure this has been discussed before but I have not found the information. I was wondering how long you must hold a w-2 job before you can be approved for an FHA loan? A little back story. I am graduating college in December of this year after which I am moving to Jacksonville, FL where I will start a 9-5 job. I already have a small amount of cash saved up and I would like to purchase some sort of house hack as soon as possible and I was wondering about how long I will need to work my 9-5 job before I can get approved for an FHA loan, assuming my credit is good enough and everything else. Thanks in advance

Most Popular Reply

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84
Posts
51
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Brad Braun
  • Realtor
  • Charleston, SC
51
Votes |
84
Posts
Brad Braun
  • Realtor
  • Charleston, SC
Replied

As long as you have a good credit history, you don't even have to be employed yet.  You can have a job offer letter starting within 30 days and still possibly get a loan.  It comes down to credit history.  The best advice to give you is call a mortgage co and have them qualify you.  If your credit is fine, and you just started a job, you can still qualify for a mortgage.  It always has to make sense to the banks, but new job  out of college is ok.

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