Question

Please remove, if not allowed. Hi Everyone! I am in the beginning process of purchasing a home. I’ve heard that during the process of buying, you are not suppose to move jobs. Does anyone know if I am able to move jobs and buy at the same time? The position I interviewed for is a step up in my career. I will go from a staff member to Supervisor role. It will be for a different company. Any advice or has anyone been in this situation? Thanks in advance!  

Answer 1

Yes talk with your lender! We were able to purchase our first home while still in college using a job acceptance letter that stated our start dates and our expected salary which is what they used to determine our interest rate and everything. I’d assume they’d be okay with is since it’s an increase but double check before you accept the position!  

Answer 2

It’s normally something that you don’t want to do during the actual transaction but talk to the lender! If it’s in the same field and the same company with more pay that can help your qualification. Talk with your loan officer and they should advise u on exactly how to handle.  

Answer 3

I bought a house while unemployed completely. it depends allot on the lender and what you have for loan terms etc. I started a new one approx 1 month before I closed and had to provide the first paystub and my offer letter

Answer 4

Ask your lender . They will be the only ones who knows for sure

Answer 5

Our mortgage company wanted employment history to be 2 years at the same company. But it would depend on the lender. I could see them being more flexible due to Covid because more and more people are getting laid off and need to switch jobs.