Qualifying for Mortgage

[Emily Beck]

Hi!

I am currently a full time student working a part time job, have a decent amount saved in the bank, good credit score & no debt. Any suggestions on financing my first deal? I’m having trouble due to my low annual income.

Thanks!!

[Andrew Garcia]

@Emily Beck, hello from MD!

There are a few options.

1. You can get a co-signer then once you get a full-time job once you get out of school, you can refinance to take their liability off their minds.

2. Depending on how much you have saved, you might be able to get a DSCR loan where you are not qualified on your personal income.

3. Depending on how tight your income is, you might be able to request a raise to get you over the line.

No one on this forum can tell you specific workarounds unless they have more information but those are some general suggestions.

Hope this helps! Let me know if I can be of any assistance.