Yes, you can buy a house as long as you can secure a mortgage. But how do you know if you can get a mortgage? Let’s break it down:
- Do I have a FICO score (credit score)?
- Do I have a down payment?
- Do I have a job?
Out of these three factors, the most important one is whether you have a FICO score. If you do, there are sometimes programs available to assist with the down payment. Additionally, even if you don’t have a job, there are loan options—like No-Doc loans—where your income is not required to be documented.
It all depends on your specific situation. So, before you give up thinking you’re not qualified, take the first step: reach out to a mortgage professional (like myself) to see if you qualify. If there’s a will, there’s a way.
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