Forgotten Your Password?

Need to Register?

Question Icon

I would like to purchase a condo in Florda, but I only have 1yr work history

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 Reply


Jeff Hutchison (jhutchison)
#14 ranked lender in Iowa - 40 contributions

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.

Jun 20th 2011
0
0
Subscribe to our news feed.