New Job vs First-time Homebuyer Loans

[Tyler Ridings]

Will switching to a new career impact me in a negative way if I want to apply for a first-time mortgage the same year? I want to buy either a duplex, triplex, or quadplex. It does not have to be my primary residence. I am currently in a Marketing Role and want to transfer my career to the Tech industry as a Salesforce Administrator.

[Sherief Elbassuoni]

@Tyler Ridings, if you are W-2, we can use your income. If your new job is similar to your previous job, and you have 1-year tax return, some lenders will allow 1 year (instead of 2 years), but a letter of explanation may be needed.