Starting Out
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago on . Most recent reply
![Christian Kim's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2002636/1621517407-avatar-christiank71.jpg?twic=v1/output=image/crop=206x206@0x12/cover=128x128&v=2)
Young investor trying to get a loan approved
I'm looking to buy a house soon. I have the down payment and all. However, I'm 24 with a credit score of 731. I'm afraid I won't qualify for a conventional loan on my own because I don't have that long of a credit history. My parent's aren't an option as co-signers. Should I get a pre-approval on my credit alone or try to find a co-signer? I didn't want to hurt my credit for no reason. Help an eager young entrepreneur out!
Most Popular Reply
![Daniel Haberkost's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1043506/1621507989-avatar-danielh299.jpg?twic=v1/output=image/crop=565x565@124x206/cover=128x128&v=2)
Originally posted by @Christian Kim:
Hello, Daniel yeah I just started employment at a Charter school. I make 40k a year. I have my eye on an investment and it cash flows well based off of my analysis. But the loan would be for 400k
Okay, are we looking at a house hack or traditional rental property?
If we're talking a conventional owner-occ mortgage then you're likely going to be allowed to go to the high 40s% on your debt to income.
Find a trusted lender (ideally a referral from someone w/ experience in RE), tell them what you're trying to accomplish, have them analyze your financial situation and then they will either tell you:
1.) Yes, you can buy what you want
2.) You can't buy what you want yet but here's where you need to be and how to get there.