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Job History: 30 Days or 6 Months OK; Rarely Need Two Years

Borrowers usually do NOT need to be on a job for two years. We need a two year employment history for loan applications, but borrowers can have multiple jobs.

Borrowers can be on a new job for as little as 30 days and still use the income to qualify, if the borrower just moved from another job in the same field. Job changes usually do not affect borrowers.

If a borrower has been unemployed for more than six months, or if a borrower is switching industries, he or she will need to be employed for six months to use the income to qualify.

We sometimes need one to two years of employment history when we need “bonus history” or “commission history.”

2nd Jobs like bar-tending also require a two year history.

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646