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Updated over 7 years ago on .

User Stats

35
Posts
12
Votes
Mike Bowling
  • Real Estate Agent
  • Akron, OH
12
Votes |
35
Posts

First property FHA loan Cuyahoga Falls Ohio

Mike Bowling
  • Real Estate Agent
  • Akron, OH
Posted

I'm getting my first property next year... I have to wait until I have a job for a solid year before I can get a bank to give me a loan but while I have to wait I'm working on credit, I went from a 535 to a 647 from March 2017 to August 1st 2017 I'm hoping to be close to a 700 by beginning of 2018 when I will have my job for a whole year. I was going to do a FHA loan on a duplex me and my family stay in the smaller unit and do the brrrr strategy. I'm in Ohio I am looking to start in Cuyahoga Falls cheaper property with nice rental. Maybe something around $50k 3.5% down so I want to at least have 5k to start for down payment and other fees which I should know. If I get the FHA loan in my know and my wife is on the loan with me will she be allowed to get one in her own name as well? Any expert opinions on how I should start? I know this best way is to just go for it while doing your due diligence