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Updated over 4 years ago on . Most recent reply
First time home buyer financing in Atlanta
Hello everyone!
I am looking to buy my first house! I live in the Atlanta area and I am planning on doing a house hack to help me get started investing. I understand that I can probably get an FHA loan since it is my first house and I have good credit. However I did just switch careers so I might be getting a family member to co-sign with me. I don't really know where to start looking for lenders or how to find someone I can trust. Any advice would be appreciated!
Thank you!
Most Popular Reply
Congrats Audrey.
My advice would be to simply reach out to a few lenders in the area and explain your situation. On the bright side, it's not all that uncommon! Ideally lenders want to see you in a job for 2 years to ensure your credit worthiness but if you can produce a (or a few) pay stubs proving your income and have sufficient reserves, you should be fine. I would also mention that you plan on renting out the other rooms. Who knows, maybe they'll be able to be more lenient because they know you'll have income coming from the property. Good luck!