I changed positions to a higher paying position but know in the next 8 months we need to buy a house, how can I get approved?

So long as your in the same line of work and the type of income is the same (salary, commissions, hourly), you will have no problem.. the only time you need to wait 2 years is when you go from salary or hourly to commissions, or if you become self employed.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

You don't need to have the same exact job and employer for the 2 year requirement. There are lots of variables. If you were in school and received a degree, and your new job is in the same line of work but you only have 2 months, then the school history will count as the required work history. If you were 1099 or self employed and moved to W2, that is ok. If you went from W2 to 1099, then you would have to have 2 years receiving 1099 to qualify. Lastly, if you have been a "plumber" at 5 different companies paid W2 over the last 2 years, you are ok to meet the 2 year requirement. People paid salary or hourly, will count the most recent pay, as long as its documented and make sense to underwriter.

As long as your new job is in the same field, your new job time will just add to your old job time, as long as you were not out of work more than 30 days.

As long as your new job is in the same line of work, you do not need to be in that job for two years before you will be eligible for a mortgage. You will just need at least 30 days of pay stubs for proof of income.

You should be ok as long as you are being paid as a wage earner and nota 1099 employee. Make sure to contact your local lender to set up a time to reviewyour income, assets, and credit.

When you go from W2 to 1099 income, you become "self-employed", and need 2 years of 1040 tax returns to determine your net income, taken from line 37. One option is lease with the option to purchase. You explain to the seller that you will be able to cash them out in 2 years, when you have qualifying tax returns. This limits your choice of home, but will allow you to purchase earlier, before prices go up.

I couldnt completly understand if you are 1099/self employed now. Either way, if you have assets, you can get loans based on your assets. Called asset depletion.

It is very likely we will be able to use your new income. As a lender, I would consider if the new job is in a similar line of work and just an advancement. I would also want to know if there is bonus, commission or overtime included in the higher pay. If any of those three items are part of the compensation package, a two year history and reasonable expectation of 3 years continuance would be required.