Normally you want to be at the same place for 2 years. They hassled me when i applied for my loan alittle bit cause it was only a year and a half. Regardless though, you will need atleast 2 months worth of pay stubs at your current job for your loan app, so you'll need to wait that long atleast.

 

I think you should be fine. I went through this because I got laid off when they poured our foundation. They gave me a hassel because kept the same title but at a different company, but went from full time to temp to hire, just to keep the job. I got hired the last day possible so we could get the mortgage approved. They said if it was a permanent position with the same title it wouldn't have been a problem.

 

I was on my job for a few months before bying my place, but i was able to provide the pay stubs from previous job and once they verifyed that i have money saved i was fine

 

It all depends upon the details of your employment and which lender is closing your loan.

If your income is paid hourly or you are paid salary and the income is fairly consitent with the prior employer, then you should be ok.

If income has increased substantially and you need the new income levels to qualify you will likely run into issues. You could also meet resistance if you need to rely on bonus or commission income from the new employer to qualify.

Some lenders and loan programs are more tolerant in these areas than others.

As for time-frame, you will likely need to be on the new job long enough to have 1 new pay stub prior to closing your loan.

 

and what makes you think you know what your talking about? :lmao: :lmao: :neener:

 

You should be fine, PM me if you need help and my contact info, I'm a loan officer at a broker in Schaumburg and have helped a few other CLSB members with their mortgage needs.

Jason

 

get in line buddy...

 

The key point is this new job in the same profession you've been in for a while? If this is a new line of work then that could hurt with a loan/mortgage application. But if another similar job you should be fine.

 

totally true

 

edited for misquoting Keyholeio

 

sorry... im in a mood.

 

to post whore? :laughing

here another post added to the count :flip

 

and yet another...

 

Here we go again.

 

quiet you! :laughing

 

geez, cold weather comes around and everybody starts ragging.

get back on topic....or shadddddddddup

or better yet go start a new thread to screw around in instead of threadjacking a legit request for assistance

thx

 

:nutkick: i think between the people who posted here his questions have been answered. Back to hijacking :neener: :jester

 

more than you can afford pal fer....er wrong thread

 

 

While I don't endorse one over another, because I've not been a customer of both to make a comparison; I did use Easy Mortgage (Zeusrotty) and was pleased. Exactly what I asked for, when I asked for it, and even went out of his way on multiple occasions during the brief process to match and accommodate my schedule. Thanks. :cheers

 

Thanks for the help everyone

 

ya bunch of vultures :laughing

 

I may have misread things but this guy was looking for help and it seemed to me you were derailing this thread in an attempt to fish for biz.

In my book that's not even cool for a site sponsor let alone someone who's not...

 

i dont want to go back through it again, but i wasnt fishing for biz... He had already called me about the loan a week before... My actual advice to him was to ask his broker... Thats who should be answering the questions... Not a bunch of people that have a very basic knowledge, if at all... I was making a point that the people had some right answers and mostly wrong answers... The dude is buying his first house. He needs to be talking to the people that he is working with. And I did noy derail anything...

Your book doesnt matter...