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Updated almost 5 years ago on . Most recent reply

User Stats

175
Posts
75
Votes
Cole Britting
  • Investor
  • New Hampshire
75
Votes |
175
Posts

College Student FHA Loan Question

Cole Britting
  • Investor
  • New Hampshire
Posted

Hope everyone is staying healthy and safe!

I'm currently a college student, and I have decided that I want to house hack after graduating. Assuming I am able to keep my good credit score and a good debt-income ratio, the only problem I see with getting an FHA loan is my employment.

What if right after college I would like to apply for an FHA loan? Say I have a job lined up for me, but I have not yet worked there. I know that most Fannie and Freddie loans require two years or six months at your current job, so will this be a problem for me? Assuming I check off all the other boxes, will a 4 year degree and a job lined up be enough?

Will I have to wait until I work for a few months or find another way to finance?

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