FHA's 203K finance

[Mariano Gomes Kaffine']

Hi There, 

I am Mariano Kaffine' from Philadelphia. I am new to this world full of great stories that encourages new comers like me to take chance. I looking for help on starting out. This is want I think about: Apply for FHA financing as a first home buy using 203K Loans. I am not currently working but I have around 15K in my bank account now.

Would I be qualify for this Loan?

[Anthony Capitan]

To add to that, if you go back to working in the industry you last worked in, depending on how long you haven't been working, your past time working could count towards the two years of income they'll want to look at. But if you go into a new field they'll want to see two years income from your starting date in that field.

If you want to get into hands on investing more quickly, you may consider trying to work for cheap with a building contractor. Photograph what you do / help with while you're there and develop a construction network, then if you find a good rehab deal you can use that evidence of your knowledge and experience in construction to persuade a partner to help you with capital and/or income verification, and/or to secure a loan with a hard money lender.