Comments on: I just graduated from college and want to buy a home…now what? http://www.southwestmortgageadvisor.com/first-time-homebuyer-information/i-just-graduated-from-college-and-want-to-buy-a-home-now-what/ Mortgage Advice for the Southwest: Arizona, California and New Mexico Fri, 20 Aug 2010 21:42:19 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Gary http://www.southwestmortgageadvisor.com/first-time-homebuyer-information/i-just-graduated-from-college-and-want-to-buy-a-home-now-what/comment-page-1/#comment-6481 Gary Mon, 24 May 2010 19:04:15 +0000 http://www.southwestmortgageadvisor.com/?p=346#comment-6481 Jeri, Thanks for the comment, Your question is a good one and let me answer this for you. With being a full time student you can use your diploma as time on the job, so having your 2 years of experience will be fine as long as you provide the lender proof of school transcripts. However you do have to first start your job. Usually an offer letter and 2 weeks of pay stubs prior to closing is sufficient for loan approval for you. As for your fiance, he would be treated as self employed and he would have to have the 2 years of tax returns before being able to use his income. My advice would be to proceed in the loan in your name only since your are not married yet. Jeri,
Thanks for the comment,

Your question is a good one and let me answer this for you. With being a full time student you can use your diploma as time on the job, so having your 2 years of experience will be fine as long as you provide the lender proof of school transcripts. However you do have to first start your job. Usually an offer letter and 2 weeks of pay stubs prior to closing is sufficient for loan approval for you. As for your fiance, he would be treated as self employed and he would have to have the 2 years of tax returns before being able to use his income. My advice would be to proceed in the loan in your name only since your are not married yet.

]]> By: Jeri http://www.southwestmortgageadvisor.com/first-time-homebuyer-information/i-just-graduated-from-college-and-want-to-buy-a-home-now-what/comment-page-1/#comment-6475 Jeri Fri, 21 May 2010 18:40:20 +0000 http://www.southwestmortgageadvisor.com/?p=346#comment-6475 I just graduated from nursing school and got a job. I don't start working until I pass my boards (should be June). My fiance and I are trying to buy a home. He has had a problem with getting a loan because he is self-employed (hair stylist) and does not have 2 years of tax documents. So with me being a graduate now, will we have a better chance of getting a mortgage, or will we have to wait until I start working? Thank you! I just graduated from nursing school and got a job. I don’t start working until I pass my boards (should be June). My fiance and I are trying to buy a home. He has had a problem with getting a loan because he is self-employed (hair stylist) and does not have 2 years of tax documents. So with me being a graduate now, will we have a better chance of getting a mortgage, or will we have to wait until I start working? Thank you!

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