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Same industry for 9 years, but took off 2 years to care for my child. Can I still get a home loan?

by heather628 from Aiken, Texas. Jun 8th 2016 Reply


Joseph Afonso (jafonso)
#64 ranked lender in Arizona - 195 contributions

Yes, you will be able to get a home loan I recommend that you speak to a local lender and they can assist you with this.

Jun 8th 2016
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

More info needed.. If you receive commissions or you are self employed, it could be a problem.. But if you are hourly or salary (certain exceptions apply) and you have been back to work for 30 days or more, then you should be ok so long as you meet all other eligibility requirements.. if you want to know for sure, you should contact a LOCAL mortgage 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 your LOCAL 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 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 larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Jun 8th 2016
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Scott Fix (ScottFix)
#1330 ranked lender in California - 184 contributions

Definitely find a trusted local lender in your area to assist you in your mortgage needs. If you do not know of anyone, reach out to anyone you know that has gone through a home purchase pr refinance in the not so distant past. Get their input on the pros and cons of each of their experiences.

Jun 8th 2016
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Melissa Stutes (MelissaStutes)
#28 ranked lender in Hawaii - 100 contributions

Possibly. If you're going back to the same line of work, the lender may accept a letter of explanation and one month's worth of paystubs if you're a wage earner. If you make commission, bonus or over-time, you will need to work two years before that income is used for qualifying. Hope that helps answer your question.

Jun 8th 2016
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