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Mortgage without a job history... is it possible

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letsgetahouse Guest	Posted: Tue Jan 10, 2012 9:47 am    Post subject: Mortgage without a job history... is it possible Like 0 Dislike 0 Me and my wife are looking to get a house We are both full time post grad students I have $25,000 cash in my bank accounts I have 770+ credit score across all the credit bureaus I have no car payments Past 12 months of 850 a month rent… prior to that 12 months of a combined 1300 a month rent between me and my wife I have 1000 bucks on a Best Buy credit card that I get no interest on so I pay it down to keep max money in my 3% checking account Here is where it gets harry… I work a couple part time jobs.. the longest for only 13 months… I bring in 2000K a month from these jobs… we get scholarship money and some loans which is what subsidizes our monthly bills We really want to get a house because it is silly that we cannot buy even though we are probably the safest bets to be able to pay 900 bucks a month on a mortgage _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
chrisgummerson Community Expert Joined: 29 Apr 2010 Posts: 704 Location: La Palma, CA 9.98 Dollars($)	Posted: Tue Jan 10, 2012 12:59 pm    Post subject: Like 0 Dislike 0 Without a 2 year job history, or recent college grad now working in same line of degree, you would not be able to obtain conventional financing or FHA. You may find a private or hard money lender to help you finance. But once you are graduated, and have 30 days of paystubs, you can use this income. Good luck _________________ Chris Gummerson Bay Valley Mortgage Group bayvalleymortgage.com 714-367-5125

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