CO SIGNER/FHA LOAN .............................

[Gerald Williams Jr]

I'm interested in applying for an FHA loan; to begin my journey into real estate investing. I was hoping to start within a6-7 month timeframe. My issue is. I won't meet the 2yr employment requirement. My question: Can I meet that requirement with a co-signer that DOES meet that specific requirement as well as the other ones that go along with it?

[Will Fraser]

Hi @Gerald Williams Jr. This should get it done! One thing to note with FHA loans and co-signers is that on 1-2 unit homes the co-signer will not be required to live on the premise, but for some reason when you jump to 3-4 unit properties the FHA requires the co-signer to live on-site. I found this out on my house hack and it was a surprise to me and the lender alike!

So, if your cosigner is not going to be living with you, you'll probably be best off going with a duplex.