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Updated almost 2 years ago on . Most recent reply
Gaps in employment: Securing Loan
I'm looking to make my first property purchase. I've been reading that most mortgage lenders require a 2-year history of employment. Does that mean in the last 24 months from now? Or the last two complete W-2 years? I have been working for the past 3 years, but off and on as I have made a career change, and had schooling mixed in there. I definitely have not been working every month for the past two years. Will this effect my chances of getting a loan? Thanks!
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Quote from @Austin Bull:
I'm looking to make my first property purchase. I've been reading that most mortgage lenders require a 2-year history of employment. Does that mean in the last 24 months from now? Or the last two complete W-2 years? I have been working for the past 3 years, but off and on as I have made a career change, and had schooling mixed in there. I definitely have not been working every month for the past two years. Will this effect my chances of getting a loan? Thanks!
Hello Austin,
Did you complete a bachelor's degree? If so we may use that as 2 year's work experience.
- Erik Estrada
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