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Updated over 5 years ago,

Account Closed
  • Chicago, IL
6
Votes |
19
Posts

Qualifying For Mortgage at 18

Account Closed
  • Chicago, IL
Posted

Hi BP, I had a question regarding how easy/difficult it would be to qualify for an FHA loan at 18 years old.

So my plan is to buy a 4-plex in a year, but I have had 0 employment history so far. I'm in the works of trying to secure a taxable income job with my mentor asap, but was wondering if 10-12 months at this job will be enough employment history for a lender to qualify me for an FHA loan for roughly $150,000-$170,000.

Any of you dealt with this? attempted this? did this for someone else in my situation? Any help is appreciated. Thanks in advance

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