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Updated about 4 years ago on . Most recent reply
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Financing for new college graduate
My daughter will graduate in May 2021 and start working as a teacher in Nashville TN in Aug 2021. She has saved enough for a 5% downpayment on a notional 250K townhouse. The problem is: no work history. Beyond finding Private Financing, are there any commercial loan products that will lend to a brand new college graduate w no significant W-2 history? Any recommended credit unions in Nashville that might be willing to work w us? Thanks.
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There are credit unions specifically for teachers. I would look into that, but it would also be beneficial to start working on credit.