Some of the best successes with funding loans comes from thorough analysis at the beginning. Talk with a mortgage professional to evaluate exactly where you stand in your quest for financing. Be sure to clarify with the consultant whether you can get a complete underwriting approval or if they will only do a automated underwriting of your file. The latter is really not sufficient to ensure the lender will really fund on your loan and opens you up to the possibility of a preapproval that turns into a declination when the file is reviewed by the underwritier. Best of luck to you!
Please know the very best thing you can do is contact at least three lenders and explain your situation. Their advice is what will allow you to purchase a home and know what you can afford.
From there, look on-line, select an agent and find something that will be great for you!
Best of luck,
Mark & Kari Shea
Shea Real Estate
Congratulations on your new job!
I agree that USAA may be a good choice of lender, although I would definitely call around to see if you can qualify due to your service. Try to find a lender that can close your loan in 30 days. Many want 45 days, and sometimes that's too long if there's competition with a property; you want an edge wherever you can get it. Let me know if I can help.
The rule of thumb is usually two years, but I would talk to a mortage broker or lender to find out if you qualify for an exception due to your service in the military. I have seen exceptions made! Let me know if you need a referral for a local lender here in San Diego to help you out.
USAA offers great loans and other products for military families. Check them out.
(and yes, I am a USAA-certified agent).