New home loan

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    Topic
  • #175448
    Anonymous
    Inactive

    Passed all 4 parts and recently got certified. Does having a CPA help one in getting a home loan.

    I am thinking of buying a place and was wondering with getting a CPA would make banks more likely to approve loan, or perhaps loan more, etc.

    Any tips?

    Thanks

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  • #391457
    mla1169
    Participant

    In a word, no. They're far more interested in your employment history, current income and credit score. Good luck!

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #391458
    spongfunk
    Member

    Being a CPA does not directly affect a home loan. If you turn your CPA into a steady job with solid income, that's what really matters to lenders. I could be an M.D. but if I don't have a job then I'm no better than a college drop out who is also jobless in the eyes of a lender.

    FAR: 85
    AUD: 80
    REG: 78
    BEC: 82

    #391459
    Tncincy
    Participant

    Sorry, potential is not quite money. A good downpayment might be better especially if you're high risk.

    It begins with a 75
    Been here too long as a cheerleader....ready to pass

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