I want to buy a house, but just started a new job. What are the employment requirements to apply?

Does this question resonate with you or someone you know? Well here is an answer!

Typically, lenders want a two-year employment history for those looking to qualify for a home loan. 

Schooling in the profession you are going into can count towards the two-year history as well. Example: On-the-job paralegal training and then starting your career as a paralegal. With as little as 30 days on-the-job training (and pay stubs for proof), that could qualify as regular work income. 

For those who are considered "part time" employees, most lenders require a two-year work history as part of the loan application. This is used to verify the average number of hours you are working per week to confirm your income.

Everyone's situation is a bit different. Call or text us to discuss.