I can put 20% down but I only have one years worth of work history. My husband worked up until 2008 and got laid off. I finally got a job in 2010 been working for a year. We saved and would like to buy a condo. Can I qualify for a traditional mortgage? Are their any programs that I can utilize that have less stringent lending rules like FHA? by scorpiovixen2006 from Miami, Florida. Jun 19th 2011
Hi Scorpio, you would need an fha loan with 1 year work history. Our 30 year fixed fha rates are very low and we have an fha5/1 arm that starts at 3.25%. thanks.
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