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 to qualify for a mortgage? Talk to a Licensed Mortgage Loan Originator to find out!
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 want to pull credit right away to get pre-approved 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 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!