Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

1
Posts
0
Votes
Kara-marie Hall
0
Votes |
1
Posts

Getting Approved for a mortgage as a travel RN. What are the odds

Kara-marie Hall
Posted

Hi, up until this spring, I spent the last 2 years as a travel RN, meaning that I had different contracts of 3 months with different agencies working for different hospitals. For those not familiar with this, for being a out of state worker in other states than my home state of GA, I was able to have a low taxable wage (like $18 or $20 a hour) while I was given tax-free stipends that allowed me to make more than I did as a regular staff RN. My goal is to get invested in real estate in the next 2-3 years. Currently, I am back in a staff position again in a new field of nursing, but have determined that it's not the best job for me career wise, so I have considered either A. going back to travel nursing  B. Getting another job in another field that would still pay less than travel nursing but at least give me a higher looking hourly wage on my taxes since I don't get stipends. 

I hear many stories about travel nurses not getting approved for loans because the mortgage companies state it looks like they don't have enough income? I'm wondering how do mortgage companies view having different jobs but in the same field? I've been a nurse for 5 years now and I've always been employed in some capacity, just not in the same 1 job for years. Is it worth trying to stick it out in a staff job just to say I've been there for years by the time I apply? Or do I still have time to maximize as much income as possible? 

Thanks for reading :)

Loading replies...