In general, you need two pay stubs. However, you must be working in the same career / type of job for two years. I can refer you to an excellent, very knowledgeable lender who can answer this question for you with clarity, based on your personal situation.
if you are wanting to purchase soon, in the Seattle area, you will need to be "pre-approved" for a loan and many of us Realtors have great, very experienced loan officers who we can recommend, whom we know will get the loan closed. Getting a lender who can give you the upfront advice you need to get to the closing table is crucial in today's market.
You can find me at http://www.karenmcknight.com .
Is this a promotion? If so, in this case being new on a job may not be an issue.
Best of luck to you.
Kawain Payne, Realtor
There are exceptions to the rule, but typically you need to have 30 days worth of paystubs. Please let me know if you have any other home loan questions.
If I do not hear from you, good luck,
My husband was with his employer for 3 years, was laid off and during his lay-off was receiving GI bill benefits to go to school. He is going to start a new job (new employer, new field) in the next month or so. If you count the GI bill as income, he has had no gap in income either.
I am just worried they will make us wait a year or two (that would KILL ME).
Thanks for all of the answers. I've contacted a realtor and a financial agent to help us, we are waiting for her to email back after her maternity leave ends this week.
You're on the right track though. Getting your financing in line is the first step. You need to find a loan officer.