Cannot get a conventional Loan due to ETS- Suggestions?

[Alisha Burgfeld]

Hello everybody,

I am in the Army and my ETS date is in approximately 11 months. All of the banks I have called require a MINIMUM of 12 months guaranteed employment for me to qualify for a conventional loan. I have just recently been getting into REI and this really put a damper on things. I have found one bank that will give me a 25 year loan with a 5.65% 5 year variable rate, I was wondering if anybody knows a lender who can beat that? I'm located in Clarksville, TN. Or does anybody have any other suggestions as to how I can get a loan? I'm open to doing private money lending, but those % are even higher than the 5.65 I previously mentioned. Thanks for the help.