Can I get approved for a loan as a recent college grad?

Hi all, could I get approved for a mortgage if my (high paying, post-college) work history is less than a year? And if so, are there any specific lenders I have to go through or anything different about what I need to do to be approved?

I want to close in May 2022.

I will be 23 years old by then.

I graduated with a Bachelor’s degree (Engineering) in May 2021 from a university in Alabama.

I started my current job in May 2021.

I currently work in the same field my degree is in.

I make about $120K/year since graduation and expect this same income after moving, in my situation. I am not changing employers, just relocating.

I will be buying in the San Antonio, TX area.

My credit score is (currently) 737 and may go up a few points before buying.

I have no debt whatsoever and own a car.

I have over $100K in bank accounts + investments.

I want a loan around $240K, and plan on putting down 20% (home around $300K).

I’m single with no children.

My current rent is $2,449/mo in a more expensive state than Texas.

submitted by /u/gg50fr
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Hi all, could I get approved for a mortgage if my (high paying, post-college) work history is less than a year? And if so, are there any specific lenders I have to go through or anything different about what I need to do to be approved? I want to close in May 2022. I will be 23 years old by then. I graduated with a Bachelor’s degree (Engineering) in May 2021 from a university in Alabama. I started my current job in May 2021. I currently work in the same field my degree is in. I make about $120K/year since graduation and expect this same income after moving, in my situation. I am not changing employers, just relocating. I will be buying in the San Antonio, TX area. My credit score is (currently) 737 and may go up a few points before buying. I have no debt whatsoever and own a car. I have over $100K in bank accounts + investments. I want a loan around $240K, and plan on putting down 20% (home around $300K). I’m single with no children. My current rent is $2,449/mo in a more expensive state than Texas. submitted by /u/gg50fr [link] [comments]

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