It is true that you must prove a two year history of employment for loan programs, however FHA allows for the use of your degree to prove work towards your field of choice.
Today’s professionals spend years of their lives training for their desired profession. Rather than penalize those professionals that have and will dedicated themselves towards public service, FHA acknowledges those sacrifices and will credit that experience as work history.
Thirty (30) days of employment history must be proven from the current job and Year-To-Date pay stubs must be acquired. Beyond that, one must produce transcripts from school and a copy of the degree certificate as employment history.
Here in Arizona, there are many nurses and teachers that complete their degree and wait several years to purchase their first home because they are not aware of these guidelines.
Working with a reputable mortgage advisor can assist and speed up the process in finding these programs and guidelines as well as possibly finding down payment assitance programs.
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