Applying for a loan with less than 2 years employment history

There is no requirement for employment if you are collecting Social Security retirement income. However, in order to qualify, generally your debt-to-income ratio (DTI) cannot exceed 45%, meaning that with a monthly income of $2,000, your monthly payments on all debt obligations cannot exceed $900.00 this would include the loan's Principal & Interest, the monthly equivalent of Property taxes and Hazard insurance, AND the minimum monthly payments on installment loans and revolving credit. There may be options for you depending on other circumstances. Reach out and we can see.Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, MO, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000 - OR - 480-695-9300.