Lending in Denver CO with new job
Hey BP!
I have a client who just switched jobs but is looking to buy a new house. He qualified for the price point he was searching with his previous job, but now that he switched, he is getting flack from lenders.
I understand in most situations it is not good to switch jobs while house hunting. That being said, it was an incredible opportunity he could not pass up. Not only is it an upgrade in salaried pay, but he also has an equity stake in the company. It is a well known nationwide franchise, not an obscure off-brand company.
Any ideas / recommendations on lenders who may be willing to take on this type of loan situation? Fantastic cash position, owns multiple properties with legitimate equity, and top notch credit.
Thoughts?
Thanks for your assistance!