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Can a letter from an employer help get loan approval?

I am on W2 status for the past 11 years and my wife recently changed to 1099 a year ago. Despite the change my wife still receives the same monthly salary as before. We both have a credit score of 800 and want to apply for a loan to strengthen our buying power. Can my wife still qualify for a loan with me? Would a letter from her employer confirming their continuous employment and fixed salary help our chances in getting a loan? by jimrey16 from Miami, Florida. Feb 13th 2023 Reply


Dave Skow (daveskow)
#15 ranked lender in Washington - 455 contributions

it might ...begin the pre approval process to find out for sure - good luck

Feb 14th 2023
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