Is it possible to get a Home Loan right out of college after I have received a job offer? ?
Chevyz2882 asked:
I have just graduated with a degree in metallurgical and materials engineering and have received a job offer in the same field. I read somewhere that I can use my job offer and my school as work history to get a loan. If this is true… Do all banks practice this?
I have a fairly decent credit score above 700…. I have basically just my school debt which is not a lot, but am very limited as far as downpayment wise. I would just **** to rent a home and throw my money away
home loan
I have just graduated with a degree in metallurgical and materials engineering and have received a job offer in the same field. I read somewhere that I can use my job offer and my school as work history to get a loan. If this is true… Do all banks practice this?
I have a fairly decent credit score above 700…. I have basically just my school debt which is not a lot, but am very limited as far as downpayment wise. I would just **** to rent a home and throw my money away
home loan
home loan
I would go talk to a lender. You didn’t mention if you have a credit score or any debt. Do you have some money saved for a down payment?
home loan
In the old days you needed 6 weeks on the job to get the loan. That can be waived today if your contract for employment is believable to the mortgage company. They don’t want to lose a good loan just because of 6 weeks. Apply for the loan..
home loan
Yes, you can get a loan right out of school. They may require that you have a pay check with 30 days worth of pay showing. Sometimes a signed contract from the employer will suffice if the terms of employment are spelled out. And yes, school does count as work history. You may have to supply a copy of your transcript or diploma as proof you were in school. FHA requires only 3.5% down. It can be from a gift. Ask Grandma Grandpa. I bet they are proud of you. Closing costs can be paid by the seller. Good luck.
home loan