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Updated almost 8 years ago,
Loan pre approval for first time home buyer
I'm a first time home buyer, applying for a FHA loan. I'm searching in the Western Massachusetts area I want to quick give you an introduction to my circumstances. I work as a traveling occupational therapist, meaning I work off of 3+ month contracts at various physical rehab facilities, but do receive a W2 from one company. My concern is there are gaps of time (1-3 weeks typically) in between jobs that go unpaid BUT working as a traveler I bring home around $1500/week when I am working. My other concern is that a large portion of that take home is tax-free housing and stipend pay meaning my W2 doesn't tell the whole story. I'm just curious if anyone could give some insight on my situation or are familiar with lending companies that will understand my unique circumstance. Any help would be appreciated.