Asked by Shannon Leigh, 95458 • Sun Oct 24, 2010
He's been w/the same mid-west company for about 3.5 years but due to recent move to west coast, the jobs are too far away so he's looking to work out here w/a new company. He was told he'd have to wait at least 3 years before he would even be looked at for a loan for either a home or property to build on. Is this true or as long as he can provide, let's say 3 months worth of income statements, would he have a chance of approval? He was approved once before and offer was put on a house and accepted but he ended up getting laid off so we lost the house. Now we are stuck living w/his mother and have been for over 1.5 years and I'm hoping, when/if he gets hired on out here somewhere, that we won't be stuck here for another 3-5 years. So, if he can provide a sufficient amount of current income statements, is it possible for him to be considered for a home/property loan even though he's a new hire? Would his previous years of being w/same company be taken into consideration?
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