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Updated over 2 years ago on . Most recent reply
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FHA with out of state work
I recently got preapproved for an FHA loan on a new primary residence. However, the underwriter has come back to me with issues with my job. I am a contract worker with a W2 from a recruiting agency and I work out of state for 3 months at a time. The issue is that the underwriter says that FHA won't allow the W2s to be out of state eventhough the home will be my primary residence whenever I am not working, it will house all my belongings and will be my permanent home. For my job I am required to have a primary residence outside the state where I am working, which is what this house would be. Has anyone run into this issue and found a solution? I thought a letter from my company explaining the situation would work but that didn't clear with the underwriter.