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Employed less than 6 months. Possible for me to get a home loan?

I've got good credit and decent income currently, however I do not have employment history past June 2011. Am I not able to secure a mortgage with this? by crowto_897_253 from Temecula, California. Dec 27th 2011 Reply


What was the reason for the time off?

Dec 27th 2011
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Crestico Funding (CresticoFunding)
#316 ranked lender in California - 340 contributions

We can help you secure a mortgage if you have a legitimate reason for your employment situation such disability or if you have just recently finished school, please call me at 310 933 4748 so we could discuss the available options. You can view our credentials by clicking on my profile. Thank you.

Dec 27th 2011
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Blake Kleckner (BlakeK)
#391 ranked lender in California - 261 contributions

If you have recently graduated college, there's a possibility that it can be substituted for work experience. I would need to have more details about your employment history. Give me a call 16/7, or email me, and I'll be happy to walk you through the process. To learn more about me and our mortgage brokerage, click on my picture. When the next page pops up, click on "Website" and you will be redirected to ours. We work exclusively in CA and get loans done fast, typically in less than 30 days, at low interest rates and costs. Representing 39 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody.

Dec 27th 2011
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

If you have been out of work for more than 6 months, you must be employed a minimum of 6 months to get financing. If you have been unemployed LESS than 6 months, you only need to be employed long enough to provide 30-days worth of pay stubs. Need financing in MN or WI? Visit www.Minneapolis-Mortgage.net

Dec 28th 2011
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john altman (northvalleymtg)
#482 ranked lender in California - 3 contributions

yes if you are employed right now and have received at least onepaycheck.john altman/ northvalley mtgnorthvalleyloans.com

Dec 28th 2011
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Ron Pippin (RonPippin)
#26 ranked lender in Utah - 158 contributions

You mentioned you have decent income. As long as we can verify that income and it will continue, you don't have to be "employed" as we understand that income can be derived from many other sources other than the normal "employment" cal me toll free 855-823-2781

Dec 28th 2011
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

If I am reading your question correctly, you are currently employed, but only for 6 months. This may or may not be a problem. Typically, Underwriters look for a minimum of two full years of employment, and preferably with the same employer. But there are many exceptions. What were you doing before this job? Were you between jobs, or is this your first job. My best advice is to contact a local Mortgage Banker/Broker, rather than one of the big banks. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, not just those of one bank. But more importantly, He/She is trained to take a look at the various different options available to you based on your unique situation and guide you into the one that makes the best sense for you. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org

Dec 28th 2011
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Gilbert Ramos (VAHOMELOANS)
#491 ranked lender in California - 54 contributions

Hello Crowto,I am a local Temecula lender. Call me at your earliest convenience. I hope that we can find the right program to fit your scenario. 800-896-5333

Dec 28th 2011
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Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions

Crow- You must be employed or have passive income to qualify. We have portfolio lenders that also allow "pledged assets" for down payments or "asset utilization" to improve high debt to income ratios. .... Best wishes, Rudi

Jan 2nd 2012
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