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    jackie0000's Avatar
    jackie0000 Posts: 14, Reputation: 1
    New Member
    		  
    #1

    Apr 20, 2010, 06:42 PM
    Proof of income for mortgage approval
    Started a new job after a period of unemployment. For what length of time should I work before I attempt to get mortgage approval? One month, three months, six months?
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #2

    Apr 20, 2010, 08:09 PM

    Right now would be good. As long as you show you have a job now it should be fine. Your credit score, did it suffer during unemployment, do you know you score?
    jackie0000's Avatar
    jackie0000 Posts: 14, Reputation: 1
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    #3

    Apr 21, 2010, 04:24 PM

    Score is good.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    Apr 21, 2010, 04:30 PM

    And it may depend on the lender, if it is work in the same field, did you change jobs for promotion. It can be explained if asked
    Some lenders will look at employment even up to a year, so there is no one answer for any and all lenders
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #5

    Apr 21, 2010, 04:52 PM

    What is your score?
    contactViaAskMe's Avatar
    contactViaAskMe Posts: 2, Reputation: 1
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    #6

    Jun 17, 2010, 10:17 AM

    Sorry to chime in, 750+ Score. What kind of rate can I get for 15 yrs loan (for around 75K, refi... )??
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