Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Lending FHA House Hack - Houston RE Connections
Looking to obtain an FHA loan to househack a two through fourplex in Houston. I qualify in all of the categories except one. There are two one month gaps in my employment history over the last 5 years where I was forced to relocate. Now I'm back home in Houston for the long haul. Every career move was a higher salary than the previous. I start my new job next week after about a month of being unemployed. I have read that two years of employment history is necessary, also six months at the new position is necessary, and also that it does not matter as long as each position had increased income (which it has). Slightly confused. Does anyone have any insight on how long I need to wait to get pre approved? I am seeing a lot of inconsistency online with my research on FHA guidelines.
Austin