saving for a downpayment, looking to buy soon but husband currently out of work due to medical injury, will this hurt loan approval?

He will need to be back to work prior to your application.. lenders require a continuance of income, and workman's compensation is a temporary supplement.. until he's back to work full time, you cannot use his income for qualifying purposes.. if you make enough income on your own to support the total household debt, then you can apply right away.. 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

Sorry about his injury. Only documented permanent injury income meets the "continual future income" test. You will need to wait until he is back to work, and perhaps you will need one month's income paycheck, or an employer verification on income, as well.

Sara:Hope you husband recovers completely and quickly. This should be no issue at all. You will need documentation of the work related injury and your loan could close as soon as he receives a paycheck covering a 30-day period. There may be some leniency to that 30-day rule, so don't let that stop your search. If you enter an escrow, just make sure that your closing date is beyond your husband's 30-day period in case that guideline is imposed at the last minute.As your loan officer I can certainly make sure that you are in the in the right position to make a purchase and provide you with rates and terms that most lenders, and no banks, can touch.Yours very truly,Charles Louis(818) 879-3896MyLoanOfficer@verizon.netNMLS 238263S.A.F.E. Certified

Good answers from others, hope he has a speedy recovery. If you need to count his income you'll have to wait until he is back to work.