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Updated almost 4 years ago,

User Stats

53
Posts
22
Votes
Jonah Kolsrud
Pro Member
  • Ladson, SC
22
Votes |
53
Posts

Will New Job Affect Ability to Obtain Owner Occupied Loan

Jonah Kolsrud
Pro Member
  • Ladson, SC
Posted

Hey BP members,

I am currently looking to buy my first deal which I intend to house hack. I am at a point now where my savings are more that enough to do 10% down or more, but one question I have is regarding my pay stub. I work a salaried W-2 currently (same place of employment for 1.5 years and pays ~$70k per year), but am interviewing for a W-2 job which gives a base salary + quarterly sales bonuses (~$60k per year with quarterly bonuses projected at ~$5-7k). Should I take this new job, I am wondering what impact this will have on me getting pre-approval and should I be hunting to buy a house before I switch jobs?

Thanks in advance!

  • Jonah Kolsrud
  • Loading replies...