Can I buy a home without employment history?

Im a young aspiring first time home buyer- I have good credit and a couple of roommates in place but do not necessarily have a stable employment history, but could come up with the funds to make the necessary monthly payments. Is it still possible for a first time home buyer to purchase a home without having the recommended 2 yrs of job history?

Can I buy a home without employment history?
Yeap...ask to go "stated"
Reply:I think you should rent for 2 years and then you'll have a 2 year job history as well as rental history! Go to a local bank who offers home loans and get a FREE pre-approval! Then you'll know for sure.
Reply:yes you could, but boy does this sound like a bad idea. Sounds like a good way to ruin your credit thats all
Reply:Ask! If you get turned down, ask to speak with higher up keep going until you reach a person who can lend the money without following the established guide lines. Convince that person of your ability to meet payments.
Reply:Stated is the way to go..also make sure go with a mortgage broker since banks directly probably wont lend you.
Reply:Yes it is possible. Check with a lender to see if the "stated income" loan programs will fit your needs. Real Estate is a good investment, especially if it's going to be your primary residence.





Good Luck!
Reply:Yeah, but the interest rate would kill you.
Reply:Thoeretically, yes, if the person's bank account is big enough.
Reply:yes if its a cardboard box, no money down, no nothing, welcome to your new home
Reply:Friendly,


You are not ready to BUY any home.


Good credit and no money =s homeless and in debt.


The roommates will open a can of legal wupa.s.s on you before you hit the street.You don't have near the knowledge to even think about this.


Ge t a stable good paying job, then get 2nd good paying job live on 1/2 of 1st job take home. Save the rest.


visit DaveRamsey.com to learn before you get cremated/burnt.
Reply:not unless you can prove you have lots of cash