x
HomeGain on Facebook HomeGain on Twitter HomeGain on LinkedIn HomeGain on YouTube

I started working this year after a year off - will I be able to qualify?

I've been in my current job 11 months and was off for a year due to illness. Should I wait before I start trying to apply or everythig else good (credit, debt) will I be able to get a mortgage despite the employment gap??
By anwarobley784623461 from NV Jun 18th 2014
Reply
Powered by:

Were you in the same job/line of work prior to becoming ill?

Jun 18th 2014
Today's
Rates:

Searching Today's Rates...

Assuming you meet all other eligibility requirements, and you have returned to the same line of work you have been in the past, then you should be ok.. be prepared to write a detailed letter of explanation regarding your time away from work.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jun 18th 2014

You should be able to qualify if you've been in the same line of work and meet all the other qualifications.

Jun 18th 2014

Is it the same line of work? It might just be a matter of a good letter of explanation as long as you meet the other guidelines. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

Jun 18th 2014

I am a lender here in Las Vegas, and I do work with your situation all the time. As long as we can have a good explanation as to the "gap", and you have been re-employed with stability in the position......we will be fine. I you wish to discuss your options, I will be more than happy to assist you. Nathan Kessler, City First Mortgage Services 702-683-3126. Thank you. Nathan.kessler@city1st.com

Jun 19th 2014








BuyersSellers
ADVERTISEMENT
 

HomeGain offers free real estate tools and services to compare real estate agents, research home prices, and view homes for sale, foreclosures, new homes, and rentals. HomeGain provides real estate information including articles on home buying, home selling, and mortgage rates. HomeGain's quarterly home values surveys are a hit with the top media sources, realtors, and home buyers and sellers. Did you know, HomeGain pioneered the original online home value estimates tool back in 1999?