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Updated almost 7 years ago on . Most recent reply

Account Closed
72
Votes |
162
Posts

ISO: Loan Person for Travel Nurse in NC (hit a snag)

Account Closed
Posted

Hit the first big snag.

Trying to get an FHA loan for fourplex. Underwriter will not check off on it income is travel nurse income. 13 week contracts, same company for last year and never any trouble getting continued employment. W2 income from placement company.

Any tips or anyone in North Carolina that has experience in this?

Thank you

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Stephanie P.
#5 Mortgage Brokers & Lenders Contributor
  • Washington, DC Mortgage Lender/Broker
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Stephanie P.
#5 Mortgage Brokers & Lenders Contributor
  • Washington, DC Mortgage Lender/Broker
Replied
Originally posted by @Account Closed:

Hit the first big snag.

Trying to get an FHA loan for fourplex. Underwriter will not check off on it income is travel nurse income. 13 week contracts, same company for last year and never any trouble getting continued employment. W2 income from placement company.

Any tips or anyone in North Carolina that has experience in this?

Thank you

 A lot is going to depend on how her income was set up in Maui.  Was she a permanent employee or did she do contracts there.  Her income will be able to be used, but the question is do we go off of the current 13 week situation or blend the 2 year average.

  • Stephanie P.
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