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Updated over 3 years ago on . Most recent reply

User Stats

17
Posts
9
Votes
Grey Drummonds
  • Atlanta, GA
9
Votes |
17
Posts

Buying a home as a new Mortgage Loan Originator (Commission)

Grey Drummonds
  • Atlanta, GA
Posted

Hello BiggerPockets Community,

I am about to graduate college and pursue a career in the mortgage industry. As many of you know, the mortgage industry tends to be all commission (with salary for new loan originators for the first few months or year to get the lead funnel created). I desperately want to house hack as my first investment in real estate and have a downpayment saved. My credit is good and I'm not in debt. But, where I don't have a full-time job work history, besides part-time work, what would be the best plan of action to obtain a loan for a househack? I was thinking of either an FHA loan, rent for 6 months to a year (to build work history), or obtain owner-financing of some sort. Thank you in advance for your responses!

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