Updated over 5 years ago on . Most recent reply
College Student FHA Loan Question
Hope everyone is staying healthy and safe!
I'm currently a college student, and I have decided that I want to house hack after graduating. Assuming I am able to keep my good credit score and a good debt-income ratio, the only problem I see with getting an FHA loan is my employment.
What if right after college I would like to apply for an FHA loan? Say I have a job lined up for me, but I have not yet worked there. I know that most Fannie and Freddie loans require two years or six months at your current job, so will this be a problem for me? Assuming I check off all the other boxes, will a 4 year degree and a job lined up be enough?
Will I have to wait until I work for a few months or find another way to finance?