There is a condo i want to buy that is $59,000. with the HOA and property taxes the whole thing would be roughly $550 a month with the principal. I have $6000 to use as a down payment.despite all this and having (two) part time jobs, no bank will give me a mortgage not even for what would be a small amount for something i can easily manage and pay. they want at least 2 years worth of pay stubs to average out, but this wouldn't be required if i had a full time job. full time jobs simply aren't easy to come by like part time ones. They don't care if i'm working a combine 40 hours a week with both jobs, they still need it to be full time on paper for them to approve me. how the hell do i get around this. is there no bank who'll give me a mortgage with what i have despite it being such a little amount? My credit score is over 720, but my credit score has virtually never mattered in my life. I just want my own damn place, man. no land lords.
get a full time job you lazy fuck
>>34411180>they want at least 2 years worth of pay stubs to average outthe fuck does that even mean?god this society is so broken
honestly if it's "only" $59,000 and they're cucking you this hard, you might be better off just saving that much money & paying in cash
>>34411214I've tried. I applied to every full time job i could and get ignored. only the part time ones even answer me.>>34411215it means they don't trust that the income you're making is stable.>>34411219That's what i want to do, but i'm scared someone will buy it. it won't just stay on the market for the entire time that i'm saving up money. a place that cheap makes for an easy roof over your head. there is likely someone else who knows that, or worse, another wannabe land lord jew who'll buy it and immediately put it up for rent.
>>34411228>That's what i want to do, but i'm scared someone will buy it. it won't just stay on the market for the entire time that i'm saving up money.yeah that's fairidk, is there a way u can gather that much money somehow, maybe gather a bunch of unsecured loans or something? xdperhaps get some money from a family member or friend?it's a long shot i guess, but this does seem like a good opportunity, like you said, so it would be good to make it work if you can>a place that cheap makes for an easy roof over your head. there is likely someone else who knows that, or worse, another wannabe land lord jew who'll buy it and immediately put it up for rent.i've heard the housing market is at its peak right now, so maybe once you've saved some money there will be some other opportunity besides this, if this one isn't still there..frustrating situation>it means they don't trust that the income you're making is stable.fuckin gay as hell
>>34411180You sound like you have no capital. $6000 to drain you and then living paycheck to paycheck to pay off the remainder of the mortgage is not reliable. You have 2 part time jobs because you haven't progressed in your career enough for you to not be easy to fire or it's a dead end job that if you lost either then you won't be able to pay.
>>34411269I make way more than $500 a month which is the total payment. i wouldn't be living paycheck to paycheck at all. even one part time job is enough to cover the expenses and still have plenty for anything else.paycheck to paycheck assumes i'm making less than a thousand a month.
Your parents may need to co-sign for you.
>>34411336If only i had those.
>>34411293You are thinking small. Sure you paid this one and the next. Okay now you lost both jobs. How long can you keep paying? It takes a year to get a new job. With that new job can you pay what you owe? What if you break your arm and can't do your job? You simply don't have enough capital. Free money just sitting in an account that you can use. Therefore you can not afford the house. 59,000 is not feasible for a bank to loan you at your income level.
>>34411357>Okay now you lost both jobs.I can easily pay it with GrubHub food delivery alone which i was already making $700 a week with.>It takes a year to get a new job. it might for full time, but they practically throw part time jobs at you.>What if you break your arm and can't do your job?You can buy injury insurance believe it or not. some guy at one of my jobs were trying to sell it to everyone. you'd get $1500 a month for being injured and out of work, and that'd still be more than enough to cover my theoretical mortgage.We both know that ability to pay isn't what they're looking for, because if i had a single full time Mcdonald's or Walmart job, they'd accept that, even if i were to be making even less money per month than with the two part time jobs that i am working more than 40 hours a week combined at. If it were just about debt to income ratio or ability to generate capital, they would've approved me. they just need the arbitrary qualifier above all else.
>>34411404Say those things to the bank, then come back here and type what they said. If they repeat what I told you then who is right?
>>34411596I said those very things to my mortgage lending agent. Even she can't explain why they'd lend me the money for having a lower paying full time job when i make more money working two part time ones that add up to full time hours anyway. she said the pay per hour doesn't matter, nor the total hours. it just has to be classified as "full time".We live in a Jewish society.
>>34411180>despite all this and having (two) part time jobs, no bank will give me a mortgageSee if there's a local chapter for a non-profit called NACA in your area. It will take you a year or two to get through their financial counseling, but once you do they will approve you for a mortgage and they offer them with no closing costs. You can use your savings to buy down your interest rate instead.>>34411228>but i'm scared someone will buy it.That's not a reason to buy a house. There will always be another property that meets your requirements later.
