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Will I be able to get a VA Loan if I have gaps in my employment over the last 2 years?

by james.reicon412 from Alameda, California. Aug 20th 2015 Reply


Derick Condron (rightstartoregon)
#32 ranked lender in Oregon - 598 contributions

The short answer is yes. They will ask for explanations of anything longer than 6 months and need to prove that your current employment is stable. There would be a lot more information needed about the gaps to give any for sure answers.

Aug 20th 2015
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

More info would be needed, but in general, if the gaps can be explained and they were no more than 90 days.. then you should be ok.. expect to write a letter of explanation regarding the job gaps.. 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

Aug 20th 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,112 contributions

Usually, if you have a gap of employment longer than 6 months you will need to back to work for 6 months. If less than 6 months you will need a good explanation letter and be back to work full time. I would speak with a local loan officer or two and see what they have to say and get yourself pre-approved so you know for sure. Best wishes, Sean

Aug 20th 2015
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Jericho Cherry (Jerichocherry)
#56 ranked lender in Virginia - 1,107 contributions

With a good explanation that makes sense to the underwriter, you should be ok.

Aug 20th 2015
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