In the mortgage world there are rules we have to follow.
Such as, rules about how long a person has to work to get a mortgage.
Guidelines to get a conventional mortgage say you need at least two years of work history.
However, sometimes it’s possible to get a conventional loan with less than two years of work history.
If we run an application with less than two years work history through the automated underwriting engine, and it takes it – then you are good to go.
I had this happen last week. Got an automated approval on a woman with about 1.5 years of work history. Approval. Now she’s out looking for a house.
So, you never know until you run it. If you or someone you know is in the situation, let our office take a look at it.
That’s it for today.
Thanks for reading!
Brett
Do you have investment property, and would like to pull cash out of your property?…
If you have credit card debt it’s a good time to consider a consolidation loan.…
If you are thinking about buying a house, but you aren’t really sure if it’s…
Here is a breakdown of the maximum seller help amounts by loan program… Program: Conventional…
Your property tax bill usually comes out in late November, or early December. There are…
If you want to acquire rental properties, but you are having issues proving your income…
