Home Buying in Pittsburgh>Question Details

Martina Brew…, Other/Just Looking in 15136

Can I buy a house even though I took time off of work?

Asked by Martina Brewer, 15136 Tue Dec 30, 2008

Hello. I would really like to buy a house next year but I took about 1 1/2 years off of work. I'm going back in January. A very not so nice agent told me that you cant get a house w/o having a job for atleast 2 years. I live in Pa. I would like to buy a house around 160,000. My credit isnt perfect but its mid 600's & we have no problem putting atleast 5% down. I just would really like to know my options. Thank you

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Martina,

There are some good answers here. I would talk to a local mortgage pro regarding your situation. Also, you say "we" have no problem putting at least 5 percent down. So, the other persons income, credit and assets would be important too and maybe helpful for the qualifications of the financing.

Good luck ! If you need a referral for a mortgage pro in your area, let us know from our site below.
0 votes Thank Flag Link Wed Dec 31, 2008
Martina,
It may depend on the circumstances of your time out of work, what kind of job you are in now and how secure it is. The only way to truly tell if you qualify is to work with a mortgage person like myself or someone else you trust to give you straight up answers. A good mortgage person will work with you to show you how to qualify. Feel free to contact me.
The very best of luck to you! Have a Happy and Healthy New Year!

Michael

Michael D Delp
Mortgage Pro
4802 Old Bethlehem Pike,
Telford Pa. 18969
Ph- 215-453-1025
Fax- 215-453-1012
Cell- 610-762-0318
michaelddelp@aol.com
michaelddelp@verizon.net http://www.mortgagepro.instantlender.com -
0 votes Thank Flag Link Wed Dec 31, 2008
In most instances yes lenders require a 2 year employment history, however review all circumstances with mortgage broker, lending keeps changing daily.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Tue Dec 30, 2008
Well, it isn't the agent who lending you the funds....

So. First, talk to a local mortgage lender, credit union, etc and see what their requirements are. Some lenders require at least six months. Usually it's a year, but two years may be stretching it. After your lender has you preparing financially to purchase a home. Go find a buyer's agent who will work with you through the whole process without putting you out to the curb.

Good luck and happy house hunting.

Terrence Charest, e-Pro
0 votes Thank Flag Link Tue Dec 30, 2008
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