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Updated about 4 years ago on . Most recent reply

User Stats

27
Posts
12
Votes
Cameron Johnson
  • Investor
  • Fayetteville, AR
12
Votes |
27
Posts

Will I be able to qualify for a loan?

Cameron Johnson
  • Investor
  • Fayetteville, AR
Posted

I am looking to buy my first investment property within the next two months. I have a 750 credit score, I have a little money saved up, but I have only been working full time at my job for a few weeks. How long do banks like to see proof of income? Will I be able to qualify for a loan anywhere? 

Thanks in advance!

Most Popular Reply

User Stats

13
Posts
4
Votes
Joshua M Cummings
  • Akron, OH
4
Votes |
13
Posts
Joshua M Cummings
  • Akron, OH
Replied
Originally posted by @Bradley Padula:

Hey @Cameron Johnson serious answer get off this forum post and call 10+ banks and find out. I got a loan before I graduated college several years ago with my job offer letter. Different banks have different policies. Find one that will work for your situation

 

Hey @Cameron Johnson going off what Bradley said, I am in college right now and have been working towards getting preapproved so that once I graduate in May, I'll be ready to hit the ground running. I have called 3-4 banks, 2 of which said that once I accept a full-time offer, they'll use that to lower my debt to income ratio and get me preapproved. So definitely just call around and see who can offer the best rates.

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