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How long do i have to employed with a company to be able to get a mortgage?

I am on salary with no commission - not self employed. My wife is also employed full time. by employedandwaiting from Palm Desert, California. Mar 16th 2011 Reply


Rich Constantine (rconstantine)
#395 ranked lender in California - 79 contributions

You should have 2 years Federal Tax returns to show to the loan officer. We then take the 2 years and average it out. Sounds like your income is consistent and should not change on a yearly basis, unless you have a raise. You can email me for more inforamtion @ rconstantine@myhsoa.com My name is Rich. Hope this helps. RC

Mar 16th 2011
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Jennifer Buchanan (jbuchanan)
#11 ranked lender in Connecticut - 3 contributions

There is a requirement for a 2 year employment history - however - there is not a standard number of years answer - if you are a recent graduate from college or professional school, the years in school are used as "employment history" and your current income will be used to qualify for the loan. If there is a gap in your employment - usually a letter from you detailing the gap in employment will be submitted to the file, and your income used to qualify for the mortgage might be reduced or averaged for the last 2 years. If your new position is considered to be in the same field - and there is no gap in employment history, then your last 2 years salary will be reviewed and used to qualify for the loan payment. If you have an employment contract with your new position, that should be submitted with the file to support your current income. Essentially, your loan officer will need to tell the story that you have worked in the past and it is more than likely you will be working in the future and you can repay the money we are going to loan to you.

Mar 16th 2011
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Gregorio Denny (GVDenny)
#254 ranked lender in California - 380 contributions

The answer to your question is" "long enough to document a 30 day work history. You don't have to be "employed with a company" for 2 years as other have incorrectly stated.

Mar 18th 2011
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Matt Baker NMLS#190779 (MattBaker)
#31 ranked lender in Arizona - 75 contributions

All you need to be on a job for is 1 month, to get a full thirty days of paystubs before closing. Of course we need a two year history, but if you are salary then we can use your salary amount. We prefer you have some consistent earnings for the last two years, but every scenario is different. I would be more than happy to talk through it with you to see if we would have an issue. I am able to make a lot of make sense loans, so if there is a story and we can prove it I can typically do the loan.

Mar 17th 2011
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