Julie,

Great question and congratulations on the stellar credit score. I am also very happy to hear that you have secured a new job and hope that it is the right position for you to be in. There are programs that will work for your situation. I am a Realtor in Jupiter and have a number of local lender contacts that will be of great assistance to you. If I can be of any service please feel free to give me a call at 561 308-0175 or send me an e-mail at tom@tompriester.com and I would be very happy to be of service.

Best,

Tom Priester
"Results Driven Real Estate"

Keller Williams Realty of Jupiter
561 308-0175
tom@tompriester.com

You may be able to qualify for a mortgage with income documentation for as little as 30 days. The approval is based on several factors - your credit and satisfactory explanation of job gaps and your down payment.

Please feel free to contact me to discuss your options.

Sincerely,
JACQUELINE L. CLARKE
Down Payment Assistance/Rehab (203k) Loan Specialist
Enterprise Mortgage Group, LLC
1850 Lee Road, Suite 140
Winter Park, FL 32789
Direct: 407-739-3853
Fax: 407-951-8886

Maybe. Is the income you're earning now a guaranteed wage? Have you been in this line if work for a long time?

Fannie Mae does not say the underwriter cannot use your income if your gap in work history is big. Its the underwriter's discretion. With your credit and down payment, you have a very good chance. You will absolutely need a letter of explanation as to why you were out of work for so long and why you're new job is secure.

Worse case, FHA is more lenient with these types of scenarios. If the underwriter can qualify you on your two year average including the unemployment, your probably golden. Debt ratio is the only other thing we need to check.