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Fresh grad applying for a loan

I just graduated from college and I plan to buy my first home. I came across a qualification for a loan approval which states that you need two years worth of tax returns. I do have a job but only for the past few months. How can I secure a mortgage in this case? Is waiting my only option? by mlewan838 from Clearview City, Kansas. Jan 20th 2022 Reply


Dan Paladin (dpaladin)
#1 ranked lender in California - 753 contributions

Standard guidelines require two years of employment history along with 2 yrs tax returns.There are a few exceptions..one your college education major is the field you are not in then school transcripts and current employment can be used to meet those guidelines. It just depends on your degree. For example: Accting degree, now employed as an accountant. Same degree and working as a bartender or not related field would not work.

Jan 21st 2022
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