Hopefully you guys can help me. I am looking to purchase my first home this summer. My current situation has seemed to scare off lenders.
Here's my situation:
I am a physical therapist with about 5 years of work experience. I am going to be going back to school to get a PhD in august. As part of the PhD program, I will be payed a stipend to live off of. I would like to buy a condo, as I will be there for about 4 years and rents are high relative to real estate prices in the area. The last lender I spoke to was scared off when I told her I was going back to school. I have the work history, I have plenty for a down payment, and I have good credit.
How can I get a mortgage?