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Can I get approved for a mortgage with a new job?

I have only been here less than 2 months and I make $52K/year with possibly some bonuses. Would like to shop in Corona for a condo or home. by CindyHeimstadt11 from Corona, California. Jul 19th 2013 Reply


William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,414 contributions

There's not enough info to properly answer your question. In general, lenders wish to see 2 years steady employment in the same line or field of work. So if you were a office manager, and you switched to work for another company as a office manager, you can apply right away, and your job should not be an issue.. however, if you were a office manager on your last job, and your new job is a sales rep getting paid commissions, then the lender will make you wait till you have been there for 2 years before approving you.. the scenarios are endless, and without knowing your specific example, it's hard to answer accurately.. .. 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

Jul 19th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

If you can show that you have a two year work history, any work, then you should be able to.

Jul 19th 2013
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Jason Vondrak (jvondrak)
#217 ranked lender in California - 1,741 contributions

Yes, you can, assuming you meet all other qualification requirements. Lenders will need to see at least two pay stubs from you current job as well as income history for the past two years. Other factors will be examined as well including your credit score and debt-to-income ratio.

Jul 19th 2013
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Edgar Aranda (earanda)
#752 ranked lender in California - 93 contributions

Yes you can get approved. Give me a call at 858.663.0472 and we can go over your options.

Jul 19th 2013
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David Sanders (David_Sanders)
#809 ranked lender in California - 59 contributions

Hi Cindy, You can be qualified. Usually most lenders want 2 years of steady employment. I got many options however. I am located in Orange County and would be more than happy to go over this anytime with you to get you a Pre-Approval.

Jul 19th 2013
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Hi Cindy, I can help. I am in Orange County, CA. Tom 714-585-9333,

Jul 19th 2013
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Adrielle Edwards (AdrielleEdwards)
#905 ranked lender in California - 96 contributions

You should be able to, but of course it depends on a variety of factors: have you been in the same line of work for the past two years? Do you qualify in every other area? You will need to discuss your individual situation with a mortgage banker licensed in California. I am located in San Diego and can discuss your scenario with you to see what we can do for you. Give me a call at 858-412-0712 or send an email with more information on your specific scenario to adrielle@californiamortgagedirect.com.

Jul 19th 2013
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Yes, we can obtain a purchase loan with a new job for 2 months. This is all contigent on your prior history and income. We just have to show the income stream. Call Steve at Great American Funding to review 805-374-6000.

Jul 19th 2013
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We need a bit more information to make sure you can qualify. Feel free to call me at 951-893-5017. Brian Sardarizadeh

Jul 19th 2013
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#28 ranked lender in New York - 2,238 contributions

Would need more info but as long as you have a two year work history or a recent graduate, FHA would most likely be ok with that. To be sure though speak with a local mortgage pro and go over your options.Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation ask for Michelle or Benny. We will find the Best Mortgage Option to suit your needs! Check us out at www.BestMortgageOption.comAsk us about the awesome discounts we offer heroes as a Homes for Heroes affiliate!

Jul 19th 2013
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Stacey Nielsen (Unitywestlending)
#912 ranked lender in California - 123 contributions

Yes you can! You can do it!

Jul 19th 2013
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Hi Cindy,It depends on your previous work history and education past. If you want to give me a call, I'm close by in Irvine and can either meet with you in person or learn more and answer your questions over the phone. A new job isn't a disqualified right off the bad, but we'd need to know a bit more.Also, congratulations on your new job!-Brian KimballSummit Funding (nmls 3199)NMLS 237105714.619.5609

Jul 19th 2013
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,754 contributions

YES, NO, or Maybe... Not enough information. Generally speaking, switching jobs isn't that big of deal if you are an hourly or salaried employee. If you've been out of work for 6 months or more, you need to be at the new job st least 6 months. If you are self-employed, commission, tipped, etc. You need to be at the job a minimum of two-years. We can not count any bonuses unless you've been there at least two-years, and then we will average that income over the last two years.

Jul 19th 2013
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Steven Cook (stcookmortgage@gmail.com)
#38 ranked lender in Washington - 256 contributions

As the others have said, it is a bit difficult to answer based on information provided. I would suggest contacting a local, licensed mortgageprofessional, like one of my associates at Bay Equity there in Corona at 951-520-1840, so they can check all the specifics necessary to determineif you qualify, or if not, what needs to be done to qualify you.

Jul 19th 2013
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

If you have 2 years in the same line of work, and meet the credit, income and debt requirements, you should be fine.

Jul 19th 2013
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Eric Blossman NMLS 211144 (eblossman)
#117 ranked lender in Texas - 63 contributions

Hello Cindy,Yes, most of the answers are correct. You can qualify using your salary only provided you have a 2 year history of employment.

Jul 20th 2013
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Cory Ure (coryure)
#46 ranked lender in Utah - 50 contributions

As long as you didn't change fields of work and you have a 2 year history of work in your current field, you'll be fine. Unfortunately bonuses can't be used for qualifying unless you have a 2 year history of receiving them at your current company, so you'll have to qualify on just your salary.

Jun 15th 2016
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