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How much of an impact does my employment have on my approval?

I'm considering changing jobs but would only do so if the income is higher. Should I wait until after I get approved or should I do it before? I haven't applied yet. by jfreedma576 from Cavalier, North Dakota. Apr 22nd 2021 Reply


Hello, Our loan products aren't contingent on employment or income verification, if you're searching for a mortgage on a primary residence I would suggest you speak with a local banker or a mortgage professional in your market, as we do not land in North or South Dakota.

Apr 22nd 2021
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Ray Antonelli (Focused)
#68 ranked lender in Ohio - 66 contributions

MOST not all lenders require at least 2 years of residence history and two years of job history. You can have more more than one job or residence. However longer time on both makes it easier to gain approval because a longer job or residence indicates stability.There are programs that don't require the above. However you usually pay a penalty by needing a higher score to qualify and/or a higher rate

Apr 22nd 2021
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,409 contributions

Everything from little to a lot. It depends. Changing jobs with little to no gap, and you are hourly or salary is easy. Changing jobs with variable income / hours, self employed, commission, 1099, can all present challenges until you've been there two years. I lend in ND MN WI IA SD. I can be found at JoeMetzler.com - Cambria Mortgage, NMLS 274132

Apr 27th 2021
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