How long is the grace period between jobs that a lender will allow (in the same field) in georgia?

Generally speaking, mortgage lenders do a two-year look back. We want to know your job history for the past two years. Any extended job gaps need to be explained. If you've been out of work for less than 6 months, showing two pay stubs from the new job is usually all that is required. If you've been out of work for 6 months or more, you will need to be at the new job for at least 6 months to qualify. This assumes hourly or salary positions. Need financing in MN or WI? Visit www.stpaul-mortgage.com

If you are out of work for a significant amount of time then you will need to be employed full time for a minimum of 6 months prior to loan application. ENG Lending, A Division of Bank of England, always puts your best interest first. We would appreciate the opportunity to serve you. Please visit us at www.cincinnatimortgagerate.net. You will soon find that we are so much more than a Mortgage Banker; we are a company that is dedicated to empowering our clients and referral partners. Don't forget to visit our Facebook Fanpage at http://www.facebook.com/pages/ENG-Lending-Cincinnati/171183536269710#!/pages/ENG-Lending-Cincinnati/171183536269710?sk=wall Or Call Anytime 513-403-6260

Typically 30 days.

In today's market, lenders are looking at consistency of employment and income. Once your new job is secured, most lenders will look at the break of service, ask for an explanation as to why, and probably not give it too much weight in the decision. Assuming you were able to keep up with all of your other payments, this would show that you are resourceful and a good credit risk. Focus on getting the job, and once you have 30 days or more under your belt, you should be OK.