Getting a mortgage?

My fiance and I are in the process of buying our first home. Our credit is excellent, our debt is low, and together we make enough to purchase a home. However, our mortgage officer told us we might run into some issues due to my fiance's employment. Let me explain...My fiance has worked for his dad's business for about the past 10 years, since he was in high school. The majority of the time spent working for his dad was on a PT basis due to being in school, but he has worked FT some years. He just graduated in Oct 2010 from a 2 year rad tech program, but has not found a job in the field yet so he has been working FT for his dad since graduating. During the 2 years he was in school, he made hardly anything, 7000 tops per year. So here is what I am wondering - how will the underwriters assess his income and employment history? Obviously, if they take an average of his last two years it really won't mean anything. He doesn't really have any gaps in employment, as he has been employed every year by his dad's business for the past 10 years. What is the likelihood of the underwriter just taking his hourly wage and average hours worked per week to estimate his yearly income?He has all required tax documents to verify he is an employee of the company and not an owner in any way as well. by msheather_574_294 from Des Moines, Iowa. Aug 9th 2011 Reply