Not approve due to low income

[Kathy R.]

Hello everyone,

I’ve been doing my research on and off. As I would like to purchase my first property to rent. However, I make 25k and was denied a 235k loan 🤭. I’m looking for a second job at the moment as a customer service working from home to increase my income and only have 5k saved.

Any suggestions? Should I just save more money if so how much? and should I wait for all this to come to past and than try buying again with an FHA loan? This whole denial has discouraged me...

Any suggestions would be appreciated.