There are people in this world far more upwardly mobile who want and have the motivation to make it happen but should not be subjected to those standards which are perfectly fine for people in other more stable situations. A blue collar worker or gov’t worker who does not have nearly certain higher income coming should meet those standards. A highly specialized physician who has sacrificed spending 4 yrs in college, 4 years in med school, a year in residency and then a few more in fellowship comes out with much educational debt but a mid 6 figure income. These people often have young families and have lived with sacrifices far beyond what you have made. Their time has come and there should be mortgage loans for them. If I was in the position making residential RE loans I would much rather lend to one of them than a minimally employed paralegal putting 30% but thats just me.
