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After being out of work after being out for several years, how long do I need to show for employment history?

by k.woods662 from Metter, Georgia. Jul 7th 2016 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

More info needed.. Lenders are going to need 2 years tax returns to verify your income.. they will also need to look at your work history.. typically, they want to see a 2 year history of continual employment.. however, certain gaps in employment can be explained.. were you at an accredited school? Did you get a degree? Are you now working in your field of study? If so, then by getting a job in your field of study, you have satisfied the 2 continuation guideline. Did you take a couple of years off to have a child? Or were you out of work because of an illness? Certain things can be explained, while others cannot.. Also, is your new employment a commission based pay.. if so, then you will need 2 years tax returns to qualify.. but if you are hourly or salary, then you might be ok.. again, too much info missing to properly answer your question.. in all reality, you should pick up the phone and call a local mortgage broker.. let them analyze your complete loan scenario.. only then will you know for sure.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 NMLS# 226347

Jul 7th 2016
Barry Elam (
#44 ranked lender in Georgia - 6 contributions

two years typically, but less in some cases. Call me at 470-253-8288.I am a Georgia broker. Barry Elam Harbor Mortgage

Jul 8th 2016
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