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Updated about 3 years ago on . Most recent reply
![Julio Ibarra's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2195337/1695648500-avatar-julioi12.jpg?twic=v1/output=image/cover=128x128&v=2)
Looking to purchase first househack
HI all! I'm looking to purchase my first house hack soon after I finish my second flip here in DFW. I meet all of the requirements to qualify for a conventional/fha loan except for the good steady income as I'm currently working part-time and not making very much from the job. Is there any way to get a loan to surpass this hurdle and if so I'd love to connect with anyone that would be of aid.
Thanks in advance!
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@Julio Ibarra do you have the opportunity to utilize a cosigner? The lender would account for their income and credit as well, therefore, authorizing pre-approval. If you come across a solid house hack property, you can structure the deal so that you are paying your cosigner a monhtly fee, consequently, this gives them an incentive to cosign the loan. Hope this helps!