If you lose your job after your offer gets accepted, your lender will find out (they call to verify employment status before closing) and you probably won’t be able to get a mortgage.

You provide on the phone:My status and who is going to be co-borrower relationshipIntended vesting (how you want to hold title)Location/city/ property type/ units/ general value/ sales priceCondition of property: needs roof/turn keyHow much money you want to put down and how much money in checking/savingsWhat is your FICO score (you don't let them pull credit or give your social you generally know what your credit is like)Your goals, time frame, experience, where your job location is, can you work remote in future 3 years-- job location typeA good lender gets a picture of what you need and gives you on the phone generally whatyour rate will be, how much cash you need, and what various programs they have to fit your needs - or they refer youto someone who is a fit.

Hi Mike, congratulations on your agent status and your hunger to invest.

Take your time to thoroughly evaluate the deal and ask questions.Verify property information: Cross-check the property details provided by the wholesaler, such as the property's condition, title status, liens, and other relevant information.

Some parts of the city are no-go zones.I would agree that the prices in Paterson are inflated given the status of most of the structures (a lot of dilapidated buildings). 

The current status of FHA is that you can get rid of MI at 11 years if the original borrower put 10% down or more at the time of purchase.

If we want to show the unit to as many potential applicants as possible we only put it as the first page of the application, otherwise it is good to put in the ad.We cater to a low income crowd and do not charge for screening, so we keep the criteria pretty vague:Our Criteria:We do not deny housing for race, color, religion, sex, national origin, handicap, sexual orientation, marital status, or familial status.We do deny housing to individuals:when the application is not complete or accuratewhere there is not sufficient income/resources to pay rent and livewhere there is poor prior tenancy: evictions, violations, damage to rental property, poorly handled move outs, amounts are still owing to landlords or utilities.

Another option is to let the condos sit status quo while time and equity continue to work while you continue to save more capital for the next purchase.

You already know that the unit will not qualify for the program and if you have justified reasons such as an 'unknown' lead paint status that will not be suitable for children under 6 to live there.

Despite my status as a student, I've worked all four years of undergrad and saved up a good chunk of money (over 10k).