Returning To Work After Layoffs; Job Seasoning

October 7, 2020/in JVM's Daily Blog, Homebuying

If borrowers return to the same job or a similar job in the same industry, they will be able to qualify for conforming (Fannie/Freddie) financing 30 days after they return to work, in most cases, with 30 days worth of paystubs.Read More

Qualifying After Returning to Work

April 23, 2020/in JVM's Daily Blog, Homebuying

If borrowers return to the same job or a similar job in the same industry, they will be able to qualify for conforming (Fannie/Freddie) financing 30 days after they return to work, in most cases, with 30 days worth of paystubs.Read More

After Job Gap/Time Off – Need 6 Months Back On Job

October 10, 2014/in Homebuying, JVM's Daily Blog, Self Education

Borrowers returning to salaried positions after a job gap of one year or more must be back for six months before their income can be used to qualify for a mortgage. Maternity leave and self-employment have different rules—find out more about how these exceptions work.Read More