Getting a home loan right out of high school

[Jonathan Ramos]

Hey guys

I have a little nephew very ambitious he started asking me could I buy a house right out of high school I said I don’t think so but after doing a quick Google search I started reading and learned that you need to have two years worth of full-time student history and if you also have full-time employment right out of school you could potentially get a home loan does anyone have an idea if this is true or could it work and if so do you have any lenders that you can suggest.

Thanks!

[Cody Wood]

@Jonathan Ramos he would have to have full time income, not part time, also established credit lines. So if he has only been authorized user on a card or never had a car in his name or anything that may be a difficult hurdle. It is certainly possible. They will look for several compensating factors such as credit history, LTV, and DTI. Also, a co-signer wouldn't hurt the cause