Recent College Grad: Can a W2 Job Outside My Field Qualify Me for an FHA Loan?

[Saed Rabu]

I recently graduated from college and am considering taking a W2 job that is outside my field of study. Will having this job qualify me for an FHA loan, even though it's not related to my degree? I prefer not to wait two years to provide tax returns. Any insights or advice would be appreciated!

[Anderson S.]

Hey Saed,

Given your current situation, even though your W2 job isn't related to your degree, the key factor for FHA qualification is income stability. If you secure the automotive window tinting job with a consistent salary of $60k-$70k, that should satisfy most lenders as long as you can show steady pay stubs. Your house-hacking goal is achievable with an FHA loan, even without related field experience, as long as your income supports the mortgage.

Speaking with a lender will give you specific guidance on your eligibility.