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Will i get approved?

I am in my 30s with kids. I own my house but its too small. I havent worked in over 10 years but i am starting now as an RN for about 50k/ year. I can make a decent down payment. Would i be approved for 180k right as i start or would i have to wait a while. My credit is all good too
  • December 04 2012 - Akron
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Answers (3)

Profile picture for GMerino

Do you have evidence of two years employment prior to leaving the work force?  Here is the scoop regarding this, borrowers may be approved for FHA loans without a two-year employment history prior to application: 
- Students who provide college transcripts or a college diploma
- Individuals recently discharged from the military
- Individuals who recently rejoinded the workforce after an extended absence (FHA defines "extended" as six months or more) to care for children, family members, etc.) some lenders will require you to be in your job for six months. 

These guidelines of course is FHA.

  • December 04 2012
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Being a mom and taking care of my kids.
  • December 04 2012
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What have you been doing the last ten years?
  • December 04 2012
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