Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
1031 Exchanges
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply
![Ramzey Farsijany's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/457674/1621477533-avatar-ramzeyf.jpg?twic=v1/output=image/cover=128x128&v=2)
Conventional financing unemployed
Currently I'm interested in trying to qualify for a home loan which would be no more then $80,000.
My situation
Unemployment 425 a week ($1700 month)
I've talked to one bank and they said they'll factor it in the rest none. My own navy federal said its up the the lenders. After I talked to someone else.
I'm a veteran so I'm using my post 9/11 which equals ($3700) month which I only get while I'm in school but will be getting for the next three years.
Quicken loans said text can consider this but others said no. Honesty I believe he was trying to rush and see if I did qualify.
I have a rental property already mortgage $1500 month leased for 1 years ($2000).
Nets $500 month
I have a $450 loan out and that's all my debt.
So where does this leave me for trying to qualify for s home loan for no more than 80k?
I have the money for a downpayment and closing.
I have 725 credit score
The home would be a duplex. Looking to bring in $600-1000 after expenses.