Parameters for using part time income

That is correct, Fannie Mae, FHA, and VA all say you need 2 consecutive years of part-time income in order to use it for qualifying.

2 years is correct, sometimes you could even get away with one year if your employer could provide a letter stating that your employment is guarenteed to continue for x years, depending on lender.

Fannie Guidelines state 2 years, however the lender your using can have their own guidelines or overlays which might prohibit your scenario from getting approved.. They might want to see 2 years tax returns where you worked both part time jobs for the entire 2 years.. Or they might have an overlay that says 3 years... in any case, you should shop around.. There are lenders out there that will most likely do this scenario.. 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

That is correct however this should have been covered during the application process.

Yes - They are correct. Guidelines state for all programs in order to use part time income you have to have two years consecutive in order to include the income.

2 years is correct

Yes they are correct. You will need probably 2 years of continuous time on the part time job to be able to count it. With it being a construction loan they may add their own overlay to the file though.