BEST ANSWER
Tom Inglesby,
Broker, 97239
Sharon as long as you are in the same line of work and you have a salary you are probably ok to apply for a loan thru the same lender. Just when you are changing jobs and you go to commission sales do you have a problem along with working in the same field for 2 years. Good Luck
Tom Inglesby, Broker
Tom Inglesby, Broker
Web Reference: http://www.equitygroup.com/tinglesby
Don Groff,
Agent, Austin, TX
If you are in the same line of work and not self employed you can probably buy once you have a full month of pay stubs with the new employer. If you are entering into a new profession that may not be the case.
Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o.512.669.5599 m.512.633.4157
listings@dongroff.com
Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o.512.669.5599 m.512.633.4157
listings@dongroff.com
Web Reference: http://www.AustinRealEstateScene.com
Barbara Coker,
Mortgage Broker or Lender, San Antonio, TX
One more thought. If the first lender says they want you to wait, do get a second opinion. So much depends on what the nature of your job is. If you give us a little more detail, we'll give you options best suited to your own situation. One lender might have an "overlay" that they want 6 months on the job, even if FHA doesn't require it. Another lender might not have that "overlay."
Barbara Coker
NMLS#228545
Barbara Coker
NMLS#228545
Web Reference: http://www.thecokerteam.com
Tamika Goree,
Broker, Grand Prairie, TX
Hi Sharon,
I would definitely contact your lender first that pre-approved you. They would be able to answer that question best.
Happy House Hunting!
Tamika A. Goree
Direct: 972.697.1178
I would definitely contact your lender first that pre-approved you. They would be able to answer that question best.
Happy House Hunting!
Tamika A. Goree
Direct: 972.697.1178
Tom Burris,
Mortgage Broker or Lender, Dallas, TX
Sharon,
The best advice you got here is: Ask your loan officer not your agent.
You might be fine day 1 of the job. Lots of factors.
Tom Burris
Mortgage Banker
DallasLoanGuy.com
(214) 763-4629 cell/text/nights/weekends(Really!!)
tomburris@dallasloanguy.com
Lending all across the entire Great State of Texas!!
NMLS# 335055
Search Dallas area MLS for FREE. No registration => http://www.ntreisinnovia.net/cgi-ntr/BR_login?0501134
The best advice you got here is: Ask your loan officer not your agent.
You might be fine day 1 of the job. Lots of factors.
Tom Burris
Mortgage Banker
DallasLoanGuy.com
(214) 763-4629 cell/text/nights/weekends(Really!!)
tomburris@dallasloanguy.com
Lending all across the entire Great State of Texas!!
NMLS# 335055
Search Dallas area MLS for FREE. No registration => http://www.ntreisinnovia.net/cgi-ntr/BR_login?0501134
Paul Prisco,
Agent, Bridgewater, MA
You should speak with your lender #1. Normally we are told that if you are switching jobs and you are upgrading your status or pay grade you won't have a problem but need to provide proof. As a real estate agent I cannot agree with telling you to wait to switch jobs before buying a home. If you were to hold off on taking on a new job then come to find out that job is no longer available 2 months later due to the position being filled ... I would feel terrible. Take on the new job get comfortable in that situation before you jump into one of the potentially biggest investments in your life.
Camille Estes - Lake Norman's Realtor of Choice,
Agent, Cornelius, NC
You need to talk with your loan officer. There are so many factors into changing jobs and/or fields. Good Luck
Bruce Lynn,
Agent, Texas
Don't ask your agent, ask your loan officer.
They are the keepers of the gold (read money).
Best thing to do is go to your bank or an experienced mortgage broker and ask to get prequalified for a loan.
There should be no charge for this.
They can give you their guidelines on debt, income, job history, etc.
They are the keepers of the gold (read money).
Best thing to do is go to your bank or an experienced mortgage broker and ask to get prequalified for a loan.
There should be no charge for this.
They can give you their guidelines on debt, income, job history, etc.
Web Reference: http://www.MetroplexHomeSalesInfo.com
Barbara Coker,
Mortgage Broker or Lender, San Antonio, TX
HI. As a lender, I need to know if you are in the same field; are you in a probationary period of pay; are you commissioned? We might ask for a paycheck showing 30 days year-to-date earnings. But if you are commissioned, or have changed fields, we might not be able to make your loan for some time. It's more complicated that we can answer here. In retrospect, it might have been better for you to purchase prior to changing jobs.
Good luck!
Barbara Coker
NMLS #228545
Licensed Mortgage Loan Officer
Good luck!
Barbara Coker
NMLS #228545
Licensed Mortgage Loan Officer
Web Reference: http://www.thecokerteam.com
Alan Grizzle,
Agent, Dahlonega, GA
Talk to your lender about the new job. I have found that if the new job is similar to the old job you should be fine. If new new job is nothing like the old job the lender could very well require you to prove you can make the same or better money in the new job as the old job. That could take longer than six months.
Web Reference: http://www.alangrizzle.com
Lynn911.com Dallas Real Estate Agent,
Agent, Dallas, TX
Your agent is correct NOT to change jobs till you have the keys in your hands! It could prevent you from not purchasing a home for another 2 years. !
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
972-699-9111
http://www.lynn911.com
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
972-699-9111
http://www.lynn911.com
