A cumulative two year employment history can include school, a new job, multiple jobs, seasonal and part-time jobs, but not all jobs are treated the same. A Licensed Mortgage Loan Consultant can help determine what can be used for mortgage qualification.
There are different types of income, including base wage, salary, commission, bonus, unemployment, social security, pension, and more, but what can you use for mortgage qualification? Talk to a Licensed Mortgage Loan Originator to find out!
What are your credit scores, good credit, bad credit or ugly credit!? Don't panic and don't delay! You can have up to 3 hard pulls in a 30 day period without affecting your scores. You have 3 credit scores and all lenders use your middle score. You want to pull credit right away your home loan pre approval and address any issues ahead of time so there are no surprises!
You can use multiple sources for your down payment like savings, retirement accounts, gifts from family, down payment assistance, grants and more. But be careful, there are things you can't use and you want to plan ahead by talking with a Licensed Mortgage Loan Originator!