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How long do I need to have a job in order to buy a house?

by marylnn728753 from Butler, Indiana. Mar 20th 2015 Reply


Zachary Williams (zwilliams@usavingsbank.com)
#87 ranked lender in Ohio - 5 contributions

2 yrs employment history. If changes jobs, 45 days of paystubs for the new employment. If recently graduated, we like to see about 6 months of stable employment.

Mar 20th 2015
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Dan Paladin (dpaladin)
#1 ranked lender in California - 416 contributions

The standard is 2 yrs of steady employment. Other factors come into play for graduates and change of employment....contact your local mortgage banker for a consultation. Good luck!!

Mar 20th 2015
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Elden Lewis (elewis_409_299)
#41 ranked lender in Indiana - 223 contributions

A two year work history is preferred. However, that's not cut in stone. Everyone's circumstance is a little different and those circumstances could allow for a shorter or longer period of time. Its best to talk to a mortgage banker to better access your situation. I am with Guaranteed Rate in Indianapolis and can be reached @ 317-225-4868 if you wish to discuss your situation. The consultation, of course, is free.

Mar 20th 2015
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Pete Bass (PeteBass)
#31 ranked lender in Connecticut - 476 contributions

Hi Mary!Usually a 2 year history is required- if your a graduate of college , trade school, etc..you can use the time in school as part of your employment history. for more information or assistance please e-mail me at pete.bass@everbank.com

Mar 20th 2015
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If you are running to the workforce, we only need 6 months. If you ars in a new job, but have a 2 year work history, we need.30 days paystubs

Mar 21st 2015
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,439 contributions

It depends on many factors. First, lenders want to see a two year work history. But you could have recently graduated from college, just gotten your first job, and you can get a loan right away because we use your schooling as a history. Next, how are you paid? Hourly, salary? You can use that income almost right away even if you just switched jobs. If you've been out of work for at least 6 months, you must be back at work for at least 6 months. If you are self employed, a contractor, commissions, per trip, per job, or similarly paid, you must be at that exact job at least two years so we can average your income. Contact a local mortgage broker in your area for your exact situation. In MN, Wi, and SD, visit me at www.StPaul-Mortgage.com

Mar 21st 2015
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