Reply
Occasional Visitor
Ashley O.
Posts: 1
Registered: 02-04-2012

Can you buy a house without a job? I am currently a full time student.

Can you buy a house without a job?  I am currently a full time student.  I am just getting out of the navy.  This will be my 1st time buying a house.  my credit score is good.  I will recieving money for the gi bill... ($1500/ month that pays for housing)  I dont think most places count this as income though.  can I still get a house while being a full time student?  I think it would be hard to be a full time student and full time work.
Occasional Visitor
John V.
Posts: 1
Registered: 02-04-2012

Re: Can you buy a house without a job? I am currently a full time student.

Not unless you have enough money to pay cash or someone co-signs for you

ZipRealty Agent
David Mitchell
Posts: 90
Registered: 04-02-2010

Re: Can you buy a house without a job? I am currently a full time student.

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.

 

 

Occasional Visitor
Thomas B.
Posts: 1
Registered: 02-17-2012

Re: Can you buy a house without a job? I am currently a full time student.

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.

Occasional Visitor
Kelly R.
Posts: 1
Registered: 03-29-2012

Re: Can you buy a house without a job? I am currently a full time student.

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.