Job Change/ Self Employed.

Updated: Dec 28, 2019

It's a bad idea to change jobs right Before/After you close on your new home. Lenders look for a steady income for about 2 years, and same job for at least 6 month to look stable. If you get a new job while looking for a house as long as you can show the lender what you are going to be paid typically salaried jobs.

Self employed if must have steady income for 2 year in order for income to count towards the qualification for the mortgage. Lender don't view self employed jobs as safe employment, because the mortgage is 30 year loan and because you are your own boss you can stop anytime, so they have tougher requirements. Questions leave a comment.


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