I just got a new job, probation period is nine months, would I be able to get a home loan while in my probation period?

Asked by Bexv73, San Antonio, TX Sat Jun 23, 2012

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Jason Campbe…, Agent, San Antonio, TX
Tue Jun 26, 2012
The quick answer is yes..

Makes no difference if you are in the probation period or not, as long as when we do a verification of employment, your employer indicates that future employment looks good.

We only run into issues with folks who are on contract, and the contract will expire prior to a 12 month period..

Go here: http://www.DHIMortgage.com/Kasey-Hampton - quick, easy, and free. We'll get you a loan approval and send you some homes to check out..

Easy as pie :)

Jason C Campbell
Option One Real Estate
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Barbara Coker, Mortgage Broker Or Lender, San Antonio, TX
Mon Jun 25, 2012
Typically we are not allowed to use income from a job that is only in a "probationary" status. Probability of continued employment is key in mortgage qualification. If you don't want to wait, why not consider using a family member to "co-mortgage" with you on an FHA loan. Once you can qualify on your own, you can pay a small fee to release your family member from the liability of that mortgage.

Call me for more information on this great feature of FHA loans.

Barbara Coker
Licensed Mortgage Loan Officer
100% Home Loans All Over Texas For 30 Years!
Web Reference:  http://www.thecokerteam.com
0 votes
Darrell D. D…, Agent, Schertz, TX
Sun Jun 24, 2012
As my colleagues have stated, many other factors are looked at. If you moved from a $6 hour job to an $18 hour job, then that may be a problem. But if you moved to a comparable job within the same industry, it won't be such an issue. Or if you went from unemployed to your current position, that would be an issue. If it was a higher paid position, but was a promotion, that may not be a bad thing.

In other words, the recent position and probationary period is not ithe issue. The totality of the situation will be looked at along with current FICO scores and debt ratios. It's best to speak with a competent lender to get a complete picture and get pre-approved. I highly recommend Lisa Warren of SWBC Mortgage to assist you. Here is her info:

Lisa Warren
Senior Mortgage Banker - SWBC Mortgage
NMLS# 227358
8400 Blanco Rd, Ste 100
San Antonio, TX 78216

She is super easy to work with. Let her know Darrell recommended her and when you are set to find a home, I'll be glad to assist. If you want to speak to her today, Sunday, give me a call and I can get you in contact with her.


Darrell D. Drouillard
Home Team of America
16719 Huebner Rd., Bldg 4
San Antonio, Texas 78248
210-881-6760 (Fax)

'Serving all Your Real Estate Needs'
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Donald Eyerm…, Agent, Garden Ridge, TX
Sun Jun 24, 2012
Very Possibly
1. if you are in the same undustry as previous to this job or
2. if your employer would provide a letter stating their expectation is that you will be a long term employee Don Eyerman 210-380-9290 Ultimate real Estate
0 votes
Ron Chartier, Agent, San Antonio, TX
Sun Jun 24, 2012
I've had clients get a mortgage loan approval their first week on the job. Many other factors determine your success.
I work hand-in-hand with lenders who excel in different areas. I can match you to a lender within minutes. Call or text or email now and I will have you an answer before sunset today!
Ron Chartier: 210-837-7378
0 votes
Teka Cross, Agent, Cibolo, TX
Sat Jun 23, 2012
A number of factors will come in to play. Did you stay transfer to a different company but are doing similar work? Or is your job history steady? These are a couple of issue that will be consider...

Give me a call
I can get you in touch with a lender to answer all your questions...

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