Can i get a mortgage with 6 months of recent work history?

Question

I’ve been working as a plumber in Seattle for 6 months and got a couple good raises. I make $56k a year and my wife makes 60-70k. I was a self employed personal trainer for a year and a half prior to plumbing (and made basically nothing after deductions). went to college for 3 years prior to that.

I’ve read you can only get a mortgage if you have 2 consecutive years of work history. Is this true? Any loopholes?

My wife and I both have good credit scores and down payment money saved up.

Michael Haas · Answer

@Brett Potter the two year history requirement is applicable to 1099's (independent contractors) and entrepreneurs. If you're a W-2 employee often times it just takes a pay-stub or two and you're all set for your loan.

I love our lender and recommend her often. She'd be able to answer all your questions and get you started. I'll DM you her info!

Joe Aiola · Answer

@Brett Potter great question and congrats on the new career change! As a few people have already mentioned, you still have options to obtain a loan. My advice is to call a ton of lenders. Many people just call one or two and stop there (especially if they get a referral). Lenders follow certain guidelines, but they're not all the same.

Also, if you speak with a lender who is not able to do the loan for you, always remember to ask if they can refer you to someone who might be able to help!

Best of luck.

Cody Wood · Answer

@Brett Potter hey man, that may not be that big of an issue. You are working full time in a w2 job I’m assuming. You have a two year history just not in the same industry. It happens a lot more than you’d think. All lenders have to do is show the ability to repay the loan, if you are established with your company and plan on being there for a while you should be able to get past that pretty easily. If you are 1099 that may be a little tougher. I hope that helps man and good luck to you!

Ronald Pryce · Answer

your best bet is to search for a mortgage broker and tell him or her your situation. they make things look good on paper for the bank.

Can i get a mortgage with 6 months of recent work history?

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