Zillow Advice: FHA and VA Loans - FHA loan for college graduate. http://www.zillow.com/advice-thread/FHA-loan-for-college-graduate/464614/ Zillow Advice | Zillow Real Estate Thank you for your response, ... http://www.zillow.com/advice-thread/FHA-loan-for-college-graduate/464614/ <p>Thank you for your response, I have no other debts.</p> Thu, 18 Oct 2012 19:29:00 GMT http://www.zillow.com/advice-thread/FHA-loan-for-college-graduate/464614/ 2012-10-18T19:29:00Z Diona,Yes, that is correct. ... http://www.zillow.com/advice-thread/FHA-loan-for-college-graduate/464614/ Diona,<br/><br/>Yes, that is correct. In lieu of a 2 year employment history college can be used.&nbsp;<br/><br/>It is hard to say how much you can qualify for because we don't know what your other debts (car payment, credit cards, etc) are. Assuming you have any of course.<br/><br/>I would find a qualify lender to work with and get prequalified.<br/><br/>Sincerely,<br/>Greg Thu, 18 Oct 2012 16:48:00 GMT http://www.zillow.com/advice-thread/FHA-loan-for-college-graduate/464614/ 2012-10-18T16:48:00Z Yes your transcripts would ... http://www.zillow.com/advice-thread/FHA-loan-for-college-graduate/464614/ Yes your transcripts would be acceptable in lieu of 2 yr work history. Your restrictive factor is going to be the $5,000 down payment.&nbsp; 3.5% of $145,000 would equate to your down payment limit. Monthly payment would be $1,100 approx. but with your income you would qualify for $1,600.&nbsp; If $145K price range is below where you want to be, getting gift funds for increased down payment could be pursued from a family member. You would need to request seller pay closing cost that gift funds did not include of approx $4,500; or combination with lender paid credit. All of that said, if you are still saving between now and June then $5K could be a non issue.<br/>Be sure when you purchase to schedule closing after you have received your first paycheck.&nbsp; Plan to contact a loan officer in April to get pre approved prior to beginning serious house hunting.&nbsp; Good luck. Thu, 18 Oct 2012 15:18:00 GMT http://www.zillow.com/advice-thread/FHA-loan-for-college-graduate/464614/ 2012-10-18T15:18:00Z *field that you got your ... http://www.zillow.com/advice-thread/FHA-loan-for-college-graduate/464614/ *field that you got your degree in *true Thu, 18 Oct 2012 03:56:00 GMT http://www.zillow.com/advice-thread/FHA-loan-for-college-graduate/464614/ 2012-10-18T03:56:00Z