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Can i buy a house with only one w2 and I only been on my job for one year and I haven't worked before this job im with now

by e.m.t.boutique325 from Oakland, California. Mar 7th 2016 Reply


Yes it is possible to qualify with just one w2. Although I would need more details please feel free to give me a call 8054487101. So i can see what we can do. Thank you

Mar 7th 2016
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Justin Murray (JustinMurray)
#102 ranked lender in Illinois - 172 contributions

It is possible - we would need to discuss the reason you were not working prior. Were you a student, home maker, unemployed for some reason, self employed, etc. There are many compensating factors we can consider.Justin Murray / JMurray@WintrustMortgage.com / 312-256-4065

Mar 7th 2016
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Jesse Stroup (jessestroup)
#199 ranked lender in California - 591 contributions

It is possible you may need to contact a local mortgage broker for loan programs.

Mar 8th 2016
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

Yes, but much more info needed.. For this reason, I suggest you contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Mar 8th 2016
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Lorne Harvey (lorneharvey)
#81 ranked lender in Washington - 418 contributions

Typically a 2 year work history is required, however if you were in school and can provide transcripts and you are working in the same line of work that your schooling was in, you should be fine. You could also consider adding a co-signer or non-occupant borrower to assist you in qualifying. Just some thoughts for you.

Mar 8th 2016
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,524 contributions

You need to have a two-year work history (not necessarily current history, just two years total in your life) UNLESS you were a student, and can provide school transcripts. So the answer is NO then, unless you were in school.

Mar 8th 2016
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Larry Gray (lgray_312_247)
#566 ranked lender in California - 1,127 contributions

Certainly possible. My office is not far from you and I would be glad to get you pre-qualified to purchase a home.

Mar 9th 2016
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