Denis DaSilva-Broker CDPE, LMC e-Pro
A 203k loan can be used only by owner occupants, local governments or eligible non-profits.
However, an owner occupant can use a 203k loan to purchase and renovate up to a ... more
This is from the FHA handbook:
2-6 STABILITY OF INCOME. We do not impose a minimum length of time a borrower must have held a position of employment to be eligible. How ... more
I am holding a Free Home Buying Seminar on March 7th at Coastway Community Bank at 1155 Reservior Avenue in Cranston, RI from 5-6:30pm. There will be a Loan Officer there, an At ... more
Once the expiration occurs, new paperwork will need to be submit ... more
If the income will continue then it can be included.
If it was charged off and there was no law suit or judgement you could let it ride, depends on how you feel as a person.
Good Luck ... more
I would definitely check in with a good local lender. Because of your student status you may be eligible for some unique mortgage programs. It's always best to have ... more