12 month gap in employment, does this limit my ability to get a mortgage loan?

There are situations where employment gaps are acceptable... if you have been in an accredited school working on a degree, and you have since graduated, and now working within your field of study, then you would be ok.. there are other scenarios, however in general, if you lost your job and it took you 13 months to find work, then you would be subject to the 2 year rule.. some lenders will make exceptions if your over 1 year but still short of the 2 year mark.. but in your scenario, you wouldn't even qualify for that.. Also keep in mind that additional guidelines would apply if your not a full time employee or a permanent employee.. so if you were hired as a temp, or your working for a temp agency, then you would need the 2 full years with no gaps.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

It is very simple. There is no "two-year" rule for most people. Lenders require a two-year look back. What is your job history the past two years? For most people, if you have been out of work for more than 6 months, you need to be re-employed a minimum of 6 months before you can qualify for a new mortgage loan. The two big exceptions to that is if your new job is a self-employed job, or you are getting paid commission. Then you need to be there two-years. The other is if you've been in school, just graduated, and started a new job in your field. Then you can qualify right away. www.JoeMetzler.com (651) 552-3681

We would need to know more details but you may still be able to get qualified.

Yes. In fact I do those loans quite often. I would happy to be one your possibilities in helping you meet your goals.You can reach me via my personal website, www.larrygraymortgage.com. My office is in Novato, CA.

Yes. In fact I do those loans quite often. I would be happy to be one of your possibilities in helping you meet your goals.You can reach me via my personal website, www.larrygraymortgage.com. My office is in Novato, CA.

There is hope for you. Contact one of the fine lenders on this forum.

Definitley more info will be needed so contact a d lender411 loan officer to discuss your situation.

Yes, There are options available to you - if you are a 1st time homebuyer there maybe some 1st time home buyer programs thatallow for the job gap if your had a company layoff etc... Check with a community bank or area lender that lends in your area-Good luck,Pete

All lenders look at employment gaps differently. If you are back to work in same line of business as a salaried employee you should have no problems.

Depending on circumstances and potental re-occurance,Maybe or Maybe Not. I have a client that we are closing this week that had a gap from May, 2011 until March, 2012. He missed not payments, he had reserves, plus we had other factors. We document, document, and document from third party sources and got him a GREAT LOAN WITH GREAT RATES. Can I help you? Maybe, if you will let me. I am a Mortgage Banker licensed to lend in both Arizona and California and I will be pleased to help you. I reside in metro Phoenix, AZ but handle a great many loans in CA. If you or someone you know is looking for financing options, please feel free to contact me or pass along my information. 623-340-0934 Korene Clopine-Seaman NMLS # 218520 KLCSLoanTeam.com We are Direct Lenders, WE CLOSE LOANS!