Specific Questions for Qualifying for a FHA Mortgage

[Matthew Masoud]

Alright guys, finally ready to get into real estate but I have some specific questions about qualifying for financing. I've got different answers from different loan officers.

here is my situation so you have the context for my questions.

Age: 23

Income: $52,000 (started 3 months ago)

Credit score: 810

Monthly debt payments: 1,200/month

Savings: $15,000

Here are my questions:

1. Can I qualify for an FHA loan with only 3 mo of work history? (before this job I worked two jobs for 6 mo each, same career, before that, college).
2. Would I qualify for a $250,000 mortgage for a 4-plex that I'd like to house hack.
3. Is there anyway around the whole "must live in the house for one year"? I might be moving back to LA at the end of the year.

If you need any more information to answer these questions let me know.

Thank you all for the inspiration to get started, ready to start building wealth.