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Updated almost 7 years ago,
Qualifying for fha loan with income coming from 1099 misc
Hey everyone hope all is well. I am a 22 year old looking to get independent/do my first real estate deal through acquiring a duplex with an fha loan, and living on one side of it. Long story short, it looks like my biggest barrier is that I havent had any W2 income for over a year now. I have been doing 1099 contractor work for companies like Lyft/Doordash because it is more money and less hours. (I`m not making a ton a little under $500/week) My question is.. is it possible to get qualified for an fha loan at my age, with not a lot of credit history (Ive had a car loan past 3 years) working these sort of independent contractor jobs? If not, what is y`alls advice for getting me on track to get qualified. Thanks, Stephen