First time buyer after graduation

Anonymous — Sun, 20 Oct 2013 18:27:15 GMT

Hello all,

Here is my situation; my girlfriend and I are about to graduate college. We are both 22 years old, she will be a nurse who is expecting to make about 50k. I however am planning on taking over my family's business. I am expecting to make about 40k. (We will be engaged before we apply for the loan)

I have been blessed to have my tuition paid for, she however has about 50k in loans. I think this will be manageable with our income together.

We would like to by a house pretty soon after we graduate in May. She has been working for a hospital for about a year and a half now, I "techinically" have not worked for our business. But I am garunteed a job once I graduate. (I go to school out of state)

Anyways, here is my question. Do you think we would have an issue getting a loan with both of us getting jobs without a decent amount of previous year income?

Idealy we would like to get a house somewhere in the 250k range.

Re: First time buyer after graduation

DallasLoanGuy — Tue, 22 Oct 2013 17:26:54 GMT

@Anonymous wrote:
Hello all,

Here is my situation; my girlfriend and I are about to graduate college. We are both 22 years old, she will be a nurse who is expecting to make about 50k. I however am planning on taking over my family's business. I am expecting to make about 40k. <= i dont think that income will be eligible. (We will be engaged before we apply for the loan)

I have been blessed to have my tuition paid for, she however has about 50k in loans. I think this will be manageable with our income together.

We would like to by a house pretty soon after we graduate in May. She has been working for a hospital for about a year and a half now, I "techinically" have not worked for our business. But I am garunteed a job once I graduate. (I go to school out of state)

Anyways, here is my question. Do you think we would have an issue getting a loan with both of us getting jobs without a decent amount of previous year income? if the job is in the same line of work as your degree, job history doesnt matter. i have had people close with 1 paystub out of college.

Idealy we would like to get a house somewhere in the 250k range.

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First time buyer after graduation

Re: First time buyer after graduation