How long before a pay increase is considered on for a refinance application?

you can use the added income immediately with a letter from HR showing your raise.. The 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

Immediately as long as the raise is documented from your employer unless the raise is on a commission basis.

If you get a letter from your company stating that this is your new rate of pay it can be used right away...it should be reflected on at least one pay stub though and not be a future expectation.

If you have a letter from Human resources stating you are receiving a raise then you should be able to show that as proof.

typically you will need the offer letter stating the new income and one pay stub reflecting the new income. Feel free to call me with any questions.Tony Sergi1st Mariner Mortgage410-878-2905

In order to go to settlement using the new income we would need a letter from HR and a paystub showing the increase has taken place prior to closing on your refinance. If the raise is not needed in order to qualify for the refinance loan then it is a mute issue and you can close prior to the raise taking affect.

the lender should be able to get a verification of employment stating your next raise and a paystub to show you've gotten it. Lynn Kinsel Patriot Mortgage 804-677-8588/lkinsel@patriotmtgcorp.com

And for your personal reference...do not use a lender who uses the phrase "mute issue" (or point) as Skinne has. The correct term is "moot"...it would be a moot point...you can't silence it with your television remote control.