Tuesday, September 25, 2018

Can I qualify for FHA loan with part-time job and a cosigner/borrower?

So my husband and I want to move up to Washington, and being that we don't currently live there but want to buy a home (rather deal with renting) its a bit tricky to find a full time job, so my husband is going to transfer his current part-time job over there. I know FHA do not want part-time positions as source of income, but we have a cosigner that is willing to help us increase our chances of eligibility, to which they have excellent credit and a high paying full-time job. Will having a co-signer/borrower make FHA lenders look at both of the sources of income combined, to where we could be approved, even with just part-time jobs. Mind you, the house is super cheap so we literally only need one minimum wage job for the payment to equal only 30 percent of that one income… Do you think we would be approved? Thanks a lot.

Read more: https://allmortgage.net/forum/can-i-qualify-for-fha-loan-with-part-time-job-and-a.html