Affording an FHA Loan as a College Student
Hello,
I was wondering if anyone had any unique ideas for qualifying for loans with little income? I am a college student who's been working the past several years, has sufficient money for a downpayment and reserves, and has great credit. However, being a college student I work a minimum wage job, which will most likely not qualify me for a loan. I am hoping to apply for an FHA loan in the next six months to invest in a rental property.
Ideally, I'd like to take on the loan myself without cosigning with a family member. Is there anyway I can do this, or is my only option to cosign with someone who has significantly higher income than I do? If you have any suggestions, I'd love to hear your input. Thank you!