will I be able to get a home loan?

Hi marytony,

You need to have a stable employment history of at least 2 years in order to qualify for a loan. If you are self-employed, you will also need to show a self-employment history of the last 1-2 years. So, it will not be easy for you to get approved for a loan on your own. If your mother has a good credit score and income and she co-signs on the loan, you may qualify for a loan. Contact your local lenders and see if they can offer you a loan with your mother as your co-signer.

Thanks,

Jerry

Thank you so much for the good news, it was very encouraging!

you will definitely need a co-signor since you have less then 2 years as your own business. but once those two years are up you could refinance the other person off the mortgage if your mother cosigns for you currently and you qualify. good luck!