Asked by Brent, Orange County, CA • Mon Feb 27, 2012
I earned very little in 2011 and 2010 while living overseas; however, I`m a California CPA and looking to return home ASAP (I`m currently staying in NY). I`m looking for a condo in the low $100s, and my W-2 income should be ok to qualify me (over $5k month), but current position is seasonal through the end of April...while I believe I should be able to find a permanent position at the same salary or better, I may not be able to (nor do I particularly want to) until I`ve had a chance to move home and evaluate my options more thoroughly.
My question is will I have a chance of getting through the underwriting process in this situation? I`d like to do something with 3.5 -10% down.
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