FHA allows Yuma Area Graduates and those just moving to Yuma the ability to buy their first home.
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No Two Year Work History???
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A common problem for many first time buyers who are newly graduated from school is when applying for a mortgage and they are asked about their previous two years work history and proof of their last two years W-2’s, they are denied because of “lack of work history.” Nurses and medical professionals have often been turned away because they had no history of income.
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FHA saves the day!
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FHA really says, “show me the career!” If you are now working in your field of study and can document a minimum 30 days worth of paystubs, you really are able to use that income to qualify as long as you show your degree certificate and your transcripts to prove, “work history.” FHA guidelines say field of study is acceptable work history to satisfy the 2-year guideline as long as you are now earning your living from your field of study.
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Yuma’s Medical Professionals
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Nurses, especially in Yuma, have been in such short supply that the local campus and recruiting efforts have still left a shortage at the local hospital. This unique aspect of FHA lending allows those who are newly graduated from AWC and NA-Yuma as well as those graduates moving to Yuma the ability to purchase their home in as little as 30 days after starting employement.
Working with an FHA specialist and an “Approval Coach” are critical aspects to home ownership.
For more information and personal consultations please contact the following.
