Getting approved for any loan

[Oscar Catalan]

Ok so I'm a new investor or trying to become one and be me looking at blogs and doing my research I want to get a loan (conventional or FHA Loan) but the requirements are 2 years of work income right there I have to stop because I'm already not looking to good.

question  -  is there any way to go around that? I have worked for the past 2 years but the only thing is that it hasn't been at the same place, can I get a loan? 

[Patrick Britton]

@Oscar Catalan Yes, two thoughts: some banks will let you use time at college in lieu of work history. But you'll need to talk to a couple of mortgage loan originators about the details. A possible alternative would be using a commercial lender or hard money lender but then of course that has a whole different set of problems and issues.

Here's a third thought a little bit out there that I would expect some pushback with: you wait. You wait until you have the two years of work experience, you wait until you have a sizable down payment available, you wait until your credit score gets as high as it can and you also wait for the market to settle down. Now is not a good time to buy. And I say this as an unbiased and independent person with nothing to gain or lose.