Hey BP,
So here is the deal... I am fairly new to Raleigh, NC. After graduation in 2014 I took a 4 month hiatus from the real world to backpack Europe. I moved here in January of 2015 and started to work for a great company, but it has only been about a year. I am VA qualified but I understand banks also want to see 2 years of work experience. My credit is good and my job is stable. But will this one contingency be enough to stop me from getting a conventional loan?
From what I have been reading it seems like there are mixed signals out there. Anyone that can give me very specific advise on how to approach the bank would be very helpful.
Keynotes:
1. I plan to live in this property
2. I am shooting for a small multi-family to rent out the other units
3. I have some money for a down payment but plan to use a VA home loan in order to avoid this.
Furthermore, if anyone knows of any banks they find to be flexible in the Raleigh area I would appreciate that as well.
Cheers!