Here’s what you can expect if you are changing jobs while your getting a mortgage…
The underwriter will want to see your first pay check at the new job at a minimum, and often they will want to see your first 30 days of paychecks.
The underwriter isn’t trying to make your life difficult by asking for your new paychecks. …This is a common guideline in the mortgage industry.
There is one circumstance where you can change jobs and not have to supply your new pay check prior to approval…
If you continue to work for the same company, but you are just changing jobs within that company then you won’t have to produce a new paycheck.
If you have more questions on this – don’t hesitate to give me a call or shoot me an email!
By the way… Borrowers are loving this 1% down product.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett