It's assumable morgage.. so no down payment... and my rent would just be bank payments. Can I do that on a student loan? It would actually be cheaper for me to live, because the basement can be rented out...
2007-01-28 09:59:56 · 4 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
I believe you can buy a house without a job however are you sure that you want to buy a house while you are still in college full time?
You will want to find a good loan company such as a bank that you can get your pre-qualification before you start looking for houses. That way, you know how much you can buy and if you can buy. Talk to a loan officer.
I would suggest the book below: it is really cheap and cheaper online and goes through the steps of "if you should or shouldn't" buy a house. Plus I added a site that has lots of information about if you should or shouldn't and if you can or can't buy a house. I know this doesn't answer your question however I hope it will give you a good start. There are many things to think about while buying a large purchase such as a house. Good Luck!
2007-01-28 10:08:58 · answer #1 · answered by Tonya B 3 · 0⤊ 0⤋
I dotn see why not as long as that loan is curent nd your credit is ok you should be fine.
DOnt listen to anyone who says no; I was told i couldnt get a house on a land contract and I did
Good luck!
2007-01-28 18:02:50 · answer #2 · answered by msijg 5 · 0⤊ 0⤋
Yes, with a "stated" loan
2007-01-28 18:10:29 · answer #3 · answered by Diamond in the Rough 6 · 0⤊ 0⤋
the only way to really know is to make appointments with a few banks and mortgage brokers. try is out
2007-01-28 18:07:25 · answer #4 · answered by MinkeyMink 2 · 0⤊ 0⤋