Can I get a FHA loan as a first time home buyer while on unemployment?

S

Stacy B

New member
I am currently in the process of house hunting and have been pre qualified for a FHA Loan. I am a first time home buyer with good credit and a good job. However, I just found out that I will be laid off in two weeks. Can I still get a loan on unemployment? Would having a cosigner help?
 
FHA is based on debt to income ratios
This means you need to know what your total debt payments are then divide that by your gross income - from last tax year-

I work with a Residential lender that does FHA loans and we can discuss the issue of employment in depth.

Having a cosigner could help as long as their credit is good

Feel free to send me an email.
[email protected] for more details and to go forward.
 
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