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how many years on the job for 1st time home buyer fha loan

by brandn_482_137 from Reno, Nevada. Mar 18th 2013 Reply


Ron Pippin (RonPippin)
#26 ranked lender in Utah - 158 contributions

30 days on the new job is all you need assuming it is a permanent full time job and you have a job history of 2 years.I've been helping first time buyers for 20 years.

Mar 18th 2013
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Peter Savino (855411LEND)
#99 ranked lender in New Jersey - 332 contributions

2 years on the job or 30 days of job and balance in school www HOMEMORTGAGEXPERT.com

Mar 18th 2013
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Charlie Sparks (CharlieSparks)
#8 ranked lender in New Mexico - 401 contributions

30 on current job with at least one paystub. Same line of work, (or work/school) for 2 years is ideal. Also income increasing with each job change is preferred. Conversely, have 2-4 jobs in 2-4 different lines of work is not so good.

Mar 18th 2013
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John Le Francois (john.lefrancois)
#2 ranked lender in Nevada - 14 contributions

BrandonIf you have 2 years in the same line of work you will need to have 30 days on the new job and be able to show this is full time job. If you are a recent graduate of a trade school or college with two years you will be able use 30 days on the job if it is a full time job. I have been assisting first time home buyers for over 9 years.

Mar 18th 2013
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

As others are indicating, 30 days on the job prior to closing with paystubs, and either a job history, schooling or good explanation for the rest of the past 2 years. Good luck, it is a great time to buy!

Mar 19th 2013
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

Your circumstances matter, did you just graduate, or just get licensed? You may only need 1 pay stub. Typically you will need a 2 year work history, but depending on your circumstances maybe much less. Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for a no cost no obligation analysis of your situation.Ask for Michelle or Benny We will find the Best Mortgage Option to suit your needs!You can check us out at www.BestMortgageOption.com

Mar 19th 2013
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Raymond Denton (Raymond)
#10 ranked lender in Ohio - 224 contributions

Two years in the same line of work.

Mar 19th 2013
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Mary Chris Gallo (MaryChrisGallo)
#46 ranked lender in Minnesota - 116 contributions

If your job history is stable (meaning same line of work and/or line of work is consistent with what you went to school for) you should be fine with 30 days of documented history/pay. Be careful though; this job needs to be your primary source of income (full time). Different requirement exist for part time income and self employed income. Be sure to get a referral to an experienced Mortgage Consultant.

Mar 19th 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

30 days, plus 2 years, as other forum members indicate so well.

Mar 19th 2013
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