Can I change jobs prior to submitting my mortgage application?
I am looking to start a new job that pays 1.5 times my current job. I want to know if this will affect my application if I have worked on the new job at least 30 days. I have had steady employment for the past 5 years with my current employer. by biscane1 from Washington, District Of Columbia. Jul 1st 2013
Jason Vondrak (jvondrak)
#220 ranked lender in California - 1,741 contributions
As long as the job that you are moving to is in the same line of work as your current job, you should be able to qualify for a mortgage without a problem. You will need to be able to provide pay stubs for your new job.
Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions
If it is the same line of work, you should be fine.
Josh Lund (Josh_Lund)
#44 ranked lender in Minnesota - 113 contributions
As long as it's the same line of work, you should be fine!
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Nope... Should be fine...
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
It shouldn't be a problem, but there are 2 very important things to consider.. First, as everyone has stated, if your in the same line of work, you should be ok.. but you also need to be paid the same.. If you are a salary / hourly paid employee, and your new job is a mixture of salary and commissions, or 100% commissions, then you will have a problem.. if you go from w2 employment, to 1099 employment, you will have a problem.. if you want to be sure, contact your local mortgage broker and ask him to look at your complete scenario to give you the best advise.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
It shouldn't be a problem, but there are 2 very important things to consider.. First, as everyone has stated, if your in the same line of work, you should be ok.. but you also need to be paid the same.. If you are a salary / hourly paid employee, and your new job is a mixture of salary and commissions, or 100% commissions, then you will have a problem.. if you go from w2 employment, to 1099 employment, you will have a problem.. if you want to be sure, contact your local mortgage broker and ask him to look at your complete scenario to give you the best advise.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
Raymond Denton (Raymond)
#10 ranked lender in Ohio - 224 contributions
Yes, as long as it's the same line of work.
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