Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Tenzin Sherap
  • Saint Louis, MO
0
Votes |
4
Posts

Getting a home loan with part time job?

Tenzin Sherap
  • Saint Louis, MO
Posted

Hello BP!

I have been doing an ample amount of research and the only roadblock I see right now is my income. I am 24yrs old and saved close to $100k. Majority of it is invested in the stock market. Excellent credit score and paid off 2 cars. I was in active duty and have full VA. I do not want to use my VA now and was thinking of going conventional loan such as FHA. I intern and do deliveries on the side. Since the take home pay is around $700-800/week at the moment, how likely am I to get approved for a loan around $300-$400k?

I know my question is very vague.

Overall, thank you to anybody that replied to my discussion.

Most Popular Reply

User Stats

264
Posts
235
Votes
Joe Aiola
  • Real Estate Agent
  • Fleetwood, NY
235
Votes |
264
Posts
Joe Aiola
  • Real Estate Agent
  • Fleetwood, NY
Replied

@Tenzin Sherap Congrats on getting started so early - seems like you are off to a great start!

Your best bet is to call a few lenders and ask them any lending questions you may have. Lenders will be able to tell you what you can qualify for, and can also tell you what you need to work on to improve your buying power. 

Another option is to bring in a partner who can handle the financing part of the deal.

Hope this helps and best of luck!

Loading replies...