can you qualify for a mortgage that is currently owner financed with good income, good credit and only one year at a current job?

we would have ot know more to this story. I recommend that you contact a LOCAL Mortgage broker and go over it with them. You should work with a mortgage broker that is a member of the national trade association. www.namb.org

Generally, the fact that the current lender is a private individual has no significance in the approvability of the new loan for you. Time on the current job in most cases is less important than your recent employment and income history, so the one year is likely not going to be an issue. To know for sure, reach out. I agree with Kay that using a Mortgage Professional is important. I have been a member of NAMB since 2013, and am one of fewer than 135 Mortgage professionals in the Country that hold their highest certification, The Certified Mortgage Consultant designation. We are always happy to help. Reach out to us ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ At NEXA, we've got you covered. We are licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.

Usually this is no problem. I assume you currently have a Contract for Deed? Paying off a Contract for Deed (owner financing) with a standard loan is something I do all the time. Learn more at https://joemetzler.com/contract-for-deed-refinance/ - I only lend in MN Wi IA ND and SD, so you'll need to find a lender in your area. JoeMetzler.com - NMLS 274132