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Updated about 10 years ago on . Most recent reply

User Stats

36
Posts
7
Votes
Ronnye L.
  • Investor
  • Fort Lauderdale, FL
7
Votes |
36
Posts

Is it possible to get financing when starting a new job?

Ronnye L.
  • Investor
  • Fort Lauderdale, FL
Posted

At the present time i have been working two jobs, one for five years and the other for three. I usually work about eighty hours or more and i have not had good luck working a decent amount of hours due to companie cut backs. I have the oppertunity to recieve a better pay rate in other places but i just dont want to go ahead and leave both my jobs if is not posible to get financing before the two year work history a lender would ask for. So my question is since a person would need to have at least a two year work history with there employer to apply for a loan is it posible to put your two weeks in and quickly start another job and still get financing before the two year period? I really want to move ahead faster with saving all my money and purchasing my next property. Having a big family kind of puts me in that position also having the goels that have. Thank you to anyone who takes the time to read my question and for any feedback

Most Popular Reply

User Stats

21
Posts
3
Votes
Todd Miller
  • Real Estate Lender
  • Jacksonville, FL
3
Votes |
21
Posts
Todd Miller
  • Real Estate Lender
  • Jacksonville, FL
Replied

yes it is possible. Usually a lender wants to See that you will be working in a similar line of work.  if you do change jobs a lender will normally look at income from just the new job and will not consider a 2nd job since they normally want to see you have been working on both jobs for 2 years. Let me know if you have any additional questions

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