Tag Archive for: employment gap

Returning To Work After COVID Layoffs; Job Seasoning

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One of our clients just returned to work after a six-month-layoff and her agent asked if and when she could qualify for mortgage financing. In light of that, I thought I’d repeat this blog from April: Employment Gap Under Six Months If the layoff or furlough lasted less than six months, lenders will be able […]Read More

Qualifying After Returning to Work

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Many people are wondering how soon laid off and furloughed borrowers will qualify for mortgage financing once they return to work. EMPLOYMENT GAP UNDER SIX MONTHS If the layoff or furlough lasts less than six months, lenders will be able to fund most loans as soon as borrowers return to work (for conforming, FHA and […]Read More

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

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We have many borrowers returning to work after extended periods of time off. We often see borrowers leave their jobs to work in other fields, or to take time off altogether (to take a break, raise kids, etc). When borrowers return to a W2, salaried position after an extended break of one year or more, […]Read More