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Updated almost 11 years ago on . Most recent reply

Account Closed
  • Clearwater, FL
4
Votes |
42
Posts

FHA approval question?

Account Closed
  • Clearwater, FL
Posted

so there might be an obvious question for some of you to answer or maybe not. I don't know that's why I'm asking here at BP, because you guys always help :)

So I'm currently researching FHA loans and the guidelines. I can pass the credit score but I noticed that you have to prove 1 to 2 years of work. I have worked full time for the majority of the past 2 years. That's at a minimum wage paying job making 10-12$ an hour and I don't have much in savings to prove for it, I know I'm an idiot I went and spent it on useless ****...but I'm young 20! And I have not had one steady job it has been multiple.

So my question is will they require to me to be consistent with one employer or are they just going to look at how much I make a year and base it if that? Not the actual work content?

Most Popular Reply

User Stats

380
Posts
87
Votes
Ed Wood
  • Real Estate Broker
  • Orange, CA
87
Votes |
380
Posts
Ed Wood
  • Real Estate Broker
  • Orange, CA
Replied

The requirement is 2 years same line of work. So if your a cop and went to work as cop for another department that is ok, if your a cop and went to be a doctor that would not be ok.

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