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Can I get a mortgage loan if I just changed jobs?

My new job will pay virtually the same amount and it is in the same field and I would like to avoid wasting any time applying if I'm going to be automatically denied by MBluth from Commack, New York. Dec 27th 2012 Reply


Barb Lanis (BarbLanis)
#70 ranked lender in Illinois - 663 contributions

Yes, if you are in the same field and your income supports the loan amount. There is no reason not to apply now. Just be certain to let your loan officer know this up front. You will need to provide the contact info, dates to-from, etc. of your former employer and also that of your new employer. No worries! You will not be able to close until you have provided 30 days worth of pay stubs. Given the length of time lenders take to get a final approval lately, you should have no problem.

Dec 27th 2012
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

It should not be a problem.. One caution.. if you currently get a salary or are paid by the hour, and your new job is commission, you will have to wait 2 years... if you already receive commissions, and the new job is commissions or salary or hourly, then you'll be ok.. 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. 480-287-5714 WilliamAcres.com

Dec 27th 2012
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Linda Wintersteen (Linda123)
#62 ranked lender in Arizona - 1,256 contributions

yes , as long as there is not a large gap, in employment... and you will need to get one to two months paystubs, and if is a employer, and not self employed.. if you go from employement to self employed, you will need 2 yrs of tax returns linda yourloanpartnerforlife@live.com

Dec 27th 2012
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Manuel Gonzalez (mmortgage1)
#91 ranked lender in New Jersey - 90 contributions

Sure. As long as your in the same line of Business. If you changed industries than Underwriting would need to see that there is a probability of continuation.Good luck.If you'd like a free quote feel free to email me and we can setup a consultation.

Dec 27th 2012
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Jason Vondrak (jvondrak)
#217 ranked lender in California - 1,741 contributions

Yes, you can as long as you have worked at your new job for two months as you will need to provide two months of pay stubs in most cases. You must consider other factors as well when applying such as your credit score, debt-to-income ratio, size of down payment, etc.

Dec 27th 2012
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Natallia Kolbun (nkolbun)
#63 ranked lender in New York - 15 contributions

Yes. 2 year employment history is required in the same field. If you receive salary this will be a very straightforward process. If major part of your earnings are bonuses and commission from prior employment and you do not have any records of it in the new company as of yet, it will have to be verified with the new employer to make sure you will be getting it at the new job. Natallia Kolbun, Lyons Mortgage Services, Inc.

Dec 27th 2012
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

We will not have a problem with the job switch. We are a direct lender in NY. I would be more than happy to offer you a free consultation this way you can get some information on your loan options. My email is PBotros@OmegaLoans,net or you can call me(Peter Botros) 908-933-0253 x319 or on my cell 347-231-4444. Happy Holidays!!!

Dec 27th 2012
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

yes.

Dec 27th 2012
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,246 contributions

Sure, your scenario should not be a problem due to the job change. Might need your first couple pay checks prior to closing.

Dec 27th 2012
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Raymond Denton (Raymond)
#11 ranked lender in Ohio - 224 contributions

Yes, employment isn't considered with the FHA-insured Reverse Mortgage program.

Jan 1st 2013
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Steven Ceceri (CreativeFinancingOptionsGroup)
#36 ranked lender in Massachusetts - 723 contributions

You can certainly get approved for financing. Just show one new paystub or the hiring letter to prove income. Happy to help with any other questions. Feel free to visit my profile to email me directly if you'd like. I'm on the East Coast too!

Jan 5th 2013
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