Regarding Contractor getting approved for Mortgage (1st time buyer) through FHA.I'm an IT professional and have been employed with a major staffing agency, and my contract is 1 year to full time, but it can keep on rolling year to year. Currently i just finished my 1st year and its rolling into second. Prior to this, i was in a different field making less money. My wife is a full time employee at some other company. Both of our income is around 92,000/ yr and our min. credit card debt including loans are 1300 per month. We are looking at a home which costs about 271,000. What are the chances of the loan being approved. just concerned about govt underwriters. And we're trying to construct this home with a builder in that xyz homes with their plans and upgrades. Thanks in advance.August 13 2012 - Garland00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.