02-04-2012 12:18 PM
02-07-2012 01:14 PM
Ashley, probably not. In addition to a good credit score you will need a good debt to income ratio. It's probably best to focus on school and when you graduate and have full time employment, then look for your first home.
02-17-2012 05:39 PM
Ashley: you can look for opportunities to buy with owner financing. I am working with an investment company who sells several homes with owner financing each month. Feel free to contact me directly for more details.
03-29-2012 08:23 AM
I'm in a similar situation, I just recently acquired some money from a lawsuit, I would like to put down a big down payment and hopefully that will help me get a house while I look for a job.
06-02-2012 09:32 AM
Have you looked into a V A loan. You are quallified for that. And those loans can be no down and have closing cost paid for too. The trick is to find a house in the area you are looking at a price you can qualify for. That is where individuals who are buying and selling properties at bargain prices come in handy. These are the investors today. You also can buy VA distressed homes...meaning the prior homeowner lost this home to foreclosure. Also the low interest rates today make payments affordable for higher priced houses. And remember all prices are negotiable as are the terms.
First stop is to go to a mortgage company ( one that is not a big bank) and learn about government loans, and what you need to do to qualify to buy a house. Then you can make that a goal. Being a student does not disqualify you. I just did this in my state. It is a 6 or 8 hour course that is necessary for a first-time homebuyer loan. It was eye-opening. I live in an area that has rather high median priced homes, and due to todays interest rates they are affordable to lots of people. Keep on asking, and adjust your buying area according to your goals and capabilities.