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Updated over 5 years ago,
Getting Approved for a mortgage as a travel RN. What are the odds
Hi, up until this spring, I spent the last 2 years as a travel RN, meaning that I had different contracts of 3 months with different agencies working for different hospitals. For those not familiar with this, for being a out of state worker in other states than my home state of GA, I was able to have a low taxable wage (like $18 or $20 a hour) while I was given tax-free stipends that allowed me to make more than I did as a regular staff RN. My goal is to get invested in real estate in the next 2-3 years. Currently, I am back in a staff position again in a new field of nursing, but have determined that it's not the best job for me career wise, so I have considered either A. going back to travel nursing B. Getting another job in another field that would still pay less than travel nursing but at least give me a higher looking hourly wage on my taxes since I don't get stipends.
I hear many stories about travel nurses not getting approved for loans because the mortgage companies state it looks like they don't have enough income? I'm wondering how do mortgage companies view having different jobs but in the same field? I've been a nurse for 5 years now and I've always been employed in some capacity, just not in the same 1 job for years. Is it worth trying to stick it out in a staff job just to say I've been there for years by the time I apply? Or do I still have time to maximize as much income as possible?
Thanks for reading :)