I was in during Nam, and no one said that to us when he came home.
You didn't mention whether you were trying to get a VA loan:
The local VA office is the best source for info; they really care and will help you.
If you will have to wait for a while, they will tell you.
Go ahead and apply for your letter of eligibity at any rate.
Good luck and may God bless
1. You said you "just got a job", so how long has it been since your prior employment? If it's been a considerable period of time, which is often defined as 3 or more months, then lenders will often want you to be back on the job for 6 months before your new employment & income will be able to qualify. If you were in school and recently graduated, and your new job is related to what you were studying, that can substitute for previous employment history.
2. If your post-9/11 income will continue for the first 3 years of the mortgage, and you have been consistently receiving it (meaning it's reliable), then that income sounds like it could help qualify. More details about it, including the terms of the income, would need to be known.
3. If your wife is currently working, and will be leaving that job to get a new job, then before her new job & it's income can qualify, lenders will often want to see at least 1 paystub and even up to a paystub showing she's received 30 days of pay (so you have to wait to close on your home until that requirement is met)... that goes for your new employment and it's income too.
Shane Milne | Loan Officer in Orange County, CA | NMLS #81195
Direct local #'s: 949-273-4161 or 646-257-4842
Lending in all 50 states, all types of mortgages
There may also be downpayment assistance programs in your area. Good luck!
Millie C Lumpkin, SFR