11-17-2012 04:22 PM
After being laid off in 2010 (after 14 years), I returned to college full-time to finish my degree. Now, as I approach graduation, I am considering home ownership. After graduation does FHA require me to work for 2 years before I can qualify?
11-18-2012 07:14 PM
Nope, If you can prove you were going to school to obtain a degree to work in a specific career or better yourself in a career you were in previously that will suffice.
Ussually they will want a mininum of 6 months of paystubs at most lenders to qualify in this scenario, but that sure beats waiting 2 years.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO