Tag Archive for: employment history

Employment History Requirements; New Job Usually OK

We are revisiting employment history requirements b/c so many remain confused about them. A brand new job will not delay qualifying or funding for most borrowers, as long as the […]Read More

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 […]Read More

Myth: Self-employed Borrowers Need 2 Years of Income; 1 Year Often OK

We often have borrowers with ample income but who only recently became self-employed. For example, we have a young Realtor who is doing extremely well this year but had no […]Read More

Own Over 25% of Company? You’re Self-Employed; Need 2 Yrs History

A borrower of ours, who has been a W2 wage earner for years, told us over the weekend that his current employer, where he started three weeks ago, is 50% […]Read More