Travel Nurse Less Than 12 Months, Loan Options?

[Christin Nguyen]

Hey everyone, 

I’m having trouble finding a lender who is able to get me preapproved because I’ve been a travel nurse for less than 12 months. I have been a registered nurse for over four years though, and have had a steady income. 

What are my other options in getting a loan for an investment property such as a duplex? What are the pros and cons of having a private investor versus a conventional loan from a bank?

[Marcos Gonzalez]

You can still qualify, since you have been a nurse for over 12 months, we can average your last 12 months of pay. You will need at least 15% down. 

You can also do a DSCR loan, where the rent will be used to qualify.