Mortgage Broker or Lender, Laguna Niguel, CA
Since you have an employment history prior to your employment gap, as long as you can document a 2-year employment history prior to it, then you should have no problems using the new employment for qualifying purposes. I have helped someone in a similar situation who took off work to raise her son, went back to work and after 6 months on the job we were able to approve her. It's actually an FHA guideline that for people who have a considerable employment gap (considered 90+ days) if there is a 2-year prior employment history that can be documented, then just 6 months back on the job is required. In your situation where you've had 1 year on the job and if you can document your prior employment history, then I feel your employment should be fine to qualify. I'd recommend you continue to save up, get the credit card taken care of (more because of the balance is hurting your scores, even if it's only a few points, because if it's in the divorce decree he's responsible for it then it can be excluded from your debt ratio that way), wait until you get your job promotion (congrats by the way) and look to buy sometime after that point. You can still get pre-approved prior to your pay raise, and using the new rate of pay, as long as you will get the new rate of pay prior to you closing on the home (so you can time making an offer, etc.).