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Can I get into a mortgage with less then a year of employment fresh out of college?

My husband and I will be making close to $90000 per year and are desperate to get into a home soon. We tried one mortgage company here in Utah and they wouldn't use my income at all and his debt to income is too high. I just got my associates degree and started work in the same field right after graduation. Is this a possibility through anywhere? by jenell.smith629 from Layton, Utah. Jun 22nd 2018 Reply


You can as long as your job is in the field of your education.

Jun 22nd 2018
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Timothy Howard (timehoward)
#70 ranked lender in Utah - 154 contributions

Jenell, Yes there is a way to navigate thru all of this. I would like to meet with you as soon as possible so we can get started on your mortgage. Usually 2 years of schooling would count as experience in the field.Please call me at 435-764-8709or email me at Thoward@graystonemortgage.com My office is in Layton behind the Temperyaki restaurant in building 1366 suite 180.Look forward from hearing from you!

Jun 22nd 2018
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,455 contributions

The short answer is yes.. if you have graduated and you are working in your field of study, then your time on the job along with your time in college meets the continuation guideline. I'm not sure why your lender didn't accept this.. It's possible you dealt with an experienced LO, or you talked to someone in a bank vs. a true mortgage professional, but underwriting guidelines have provisions for your exact scenario. For this reason, I suggest you contact a mortgage banker/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with California and Arizona being my primary markets. 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 NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Jun 22nd 2018
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