FHA Loan, First Time Buyer with Short Income History
Good morning BP community! I made a new friend last night, great guy that is working as a licensed agent for a complete transaction wholesale company. He wants to get in to investing as well and is looking in to house hacking a duplex or triplex in the Tampa Bay area.
Problem is: he doesn't think he can get an FHA loan. He has a girlfriend who has been with her current employer for a year ($3K/mo), not married - he says she has an awesome credit score. He switched to his new company just a few months ago but doesn't have a lengthy history. His worry (and mine) is that he wont be able to prove required debt to income ratio for a low down FHA loan.
Are there any local Tampa lenders you'd recommend talking to? At least to figure out what he has to do to qualify?
Thank you for your help.