Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
Will New Job Affect Ability to Obtain Owner Occupied Loan
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!