I have held the same job for 6 years, but will be moving to El Paso & starting a new job this summer, will I

Sam
Home Buyer
Hines, MN

have to have my new job for any period of time before I can get a loan for a house?

Answers (6)
Caroline Camfie...
Agent
El Paso, TX

Good Morning Sam,

The wisest thing to do is get your lender lined up first so that you can know you time frame for purchase and your buying power. There are several great lenders here that I can help you with. The second is to look at what your desires and needs are in a home, job location, family needs to be able to find that unique treasure that meets your hearts desires. It truly is a great time to buy a home. I would consider it a priviledge to serve you in you real estate needs. I can provide referrals from people that I have worked with , especially those transferring into El Paso, so you can feel comfortable in working with me. I am diligent but not pushy and very patient.
Give me a call if I can help you in anyway.

Blessings alwyas,
Caroline Camfield, ABR
EXIT Realty-The Advantage
915-549-7432
camfieldc@yahoo.com

Mon Jun 15 2009, 06:07
Cristina
Agent
El Paso, TX

http://www.geparmls.com/elp/maildoc/sd_AAAa001QL200904281437…

Check out this beautiful and affordable home in El Paso!

Sat May 16 2009, 19:46
Margaret T Hatc...
Agent
Montgomery County, TX

Sam,
Is your new job in the same industry, the same type of work or with the same employer.
Were you working at your old job while you finished your education and now going into your degreed field.
If you answer yes to one of these you are okay.
Why don't you go ahead and contact a mortgage . One of us here in Texas can refer you. INnfact I can refer you to a Real Estate agent and Mortgage person in El Paso, as others on this site can.
I am part of the Century 21 Global Referral Network

Margaret

Thu Apr 23 2009, 10:14
Gene Mundt
Mortgage Broker
or Lender

Shorewood, IL

Sam:
Generally speaking, if you maintain employment within the same type of work and there is continuity shown on compensation, there would be no reason you couldn't obtain a loan upon your move . If there is a drastic change in the employment or the amount of compensation and manner in which it is paid, there may be a need to re-establish a history of employment and compensation within the new job situation.
Without further details given here, it is hard to get more specific than that unfortunately. I would be more than happy to answer this question and others regarding your desire to purchase in El Paso, should you like. If I can be of further assistance to you, please contact me here at trulia, through my website at http://www.genemundt.com, my email (gene@chicagobancorp.com), or my Direct Line: 815.277.4036, at your convenience. Through my company, Chicago Bancorp, I am fully licensed and capable of assisting you with your mortgage lending needs in El Paso and many other states across the country. I have 30 years of lending experience and expertise to call upon with extensive background in lending, appraising, and financial planning.
I look forward to hearing from you in the near future, Sam. Thank you for the opportunity to assist through trulia.com.
Gene Mundt, Professional Mortgage Banker http://www.genemundt.com
Chicago Bancorp http://www.genemundtmortgageblog.com

Web Reference: http://www.genemundt.com
Thu Apr 23 2009, 06:21
Rick Snow
Agent
El Paso, TX

Hello Sam,

Congratulations on your move to El Paso. It's a great place to live.

If your new job is in the same line of work, lenders will usually consider it as continous employment. If it is a totally unrelated line of work the lender may want to see some kind of longevety before they approve a loan. How much depends on the lender.

Web Reference: http://ricksnow.com
Thu Apr 23 2009, 04:09
Tom Burris
Mortgage Broker
or Lender

Dallas, TX
FIRST ANSWER

Will this new job be in the same line of work?

What were you doing before? How were you compensated? Salary? Commission?

Wed Apr 22 2009, 22:06

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