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Updated over 9 years ago,

User Stats

86
Posts
27
Votes
Blake Reynolds
  • Salt Lake City, UT
27
Votes |
86
Posts

Conventional mortgage without a premanent JOB

Blake Reynolds
  • Salt Lake City, UT
Posted

I have been looking around to finance my first home, hopefully a small multifamily that I can live in while renting out the other unit/s. I currently am working a contract position that is not permanent and from asking around it seems like it is hard to get approved for a conventional mortgage when you do not have permanent employment.

Does anyone have any experience or advice on other forms of lending or financial institutions that accommodate for individuals in this position?

I recently graduated form college and just entered the workforce so I don't have a lot of recent employment history and I don't have a lot of money saved up to this point so I am looking to do an FHA loan.

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