Asked by Person, 94546 • Wed Mar 3, 2010
I'm about to be a resident on July 1st. I'll get a contract in the next month. I know FHA has a non-revocable contract for employment clause. I believe my contract will qualify. In any case, I'm married. My wife made 38K and 41K in the past two years, respectively. I made no money as a student. I'll have 190K in student loans (in deferment-no payments necessary until finished with residency). No other debt. We've managed to save about 30 K in the past 3 years for a nice down payment. What type of loans should we examine and qualify for?? The hangup comes from the fact that my first pay stubs won't come until July 1st. In addition, my wife has a job here in Philadelphia with 2 years worth of W-2s and plenty of paystubs but has agreed to work only until the end of May. I figure if we get a deal done before May, we'll have my contract and a source of her income (if they allow out-of-state stubs). Any flawed logic here?
Anyone in a similar situation? What were the quotes you've received?
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