[LEIGH6870]

For the past 2 years I've been in school and recently graduated in the healthcare field. For the previous 7 years before starting school I was a teacher. I'd like to buy a home but need more information. I read on one mortgage information site that if you change job fields, then 1 or 2 month salary stubs would qualify. I also have great credit, and money set aside for a down payment. The only negative is my student loans. Thanks for any help.

[instantitnet]

whats your ques?

[bewildered]

Several factors are considered in the mortgage loan process. 1) credit score 2) income/debt ratio 3) having a down payment looks good 4) previous work history. They will take all into consideration. If your loans are extremely high then it could effect your income to debt ratio. They will want to know how much all of your monthly bills are so that they can see if you can afford the monthly payment. Since you have good credit, then your payment will be lower because you'll get a better interest rate. It sounds like your worried about not having income during your 2 years of school. However, you proved you are willing to work before you went to school and if you have gotten a good job with this new education then you should be on good solid foundation, which is what the bank wants to see. Your situation really sounds promising to me. Not knowing what you make or the amount of your student loans however makes it difficult to form a solid answer. Maybe you can pay a visit to your bank before you even look for a house and have them guide you in the area of how much money that they would approve you for in a mortgage. It sure would make the house shopping process a lot more fun. I envy you.