The new job is still in the medical field, though a different type. It pays about 75% of the old job but is much less stressful. I have $20,000 for a down payment, and prior to losing the last job I had a credit score of 810. Other than being unemployed for the last year, nothing has changed (no outstanding debt).
If I have to I will rent for another year and save more for a down payment, though I don't like the idea of renting for another year.
2007-03-24 09:18:13 · 5 answers · asked by Wurm™ 6 in Business & Finance ➔ Personal Finance
Generally, lenders calculate your income off of your 2 most recent pay stubs, and last years W2's. If you've taken a year off your last years W2's probably aren't that impressive. If you want to apply, they can't dissuade you by law. However, tell them your situation and ask what their underwriter guidelines are, so your credit report isn't needlessly pulled.
Additionally, how long you've worked your current job also goes into the mix, so by waiting a bit longer you have a better chance of securing a better rate.
2007-03-24 09:32:06 · answer #1 · answered by herogoggles 3 · 0⤊ 0⤋
I beleive it's usually 6 Months But preferably 2 Years or more.... However if you have a company in mind just give them a call and say my credit score is 810, Your income status,and ask if how long you've been employed and if it will even have an effect. Honestly if you can furnish your last 3 -5 year tax records to establish true income over a 3-5 period . I highly doubt job/time status will matter .
2007-03-24 09:42:39 · answer #2 · answered by SnuggJeans 3 · 0⤊ 0⤋
As constantly, i like your theories, Jewels. yet Aidan's weirdness does bypass back fairly a fashion. i haven't been waiting to be certain his reasons for an rather long term. What replaced into his finished relationship with Annie approximately? Love? Hate? some thing else? and not revealing that it wasn't Greenlee's physique? And now attempting to get between Zach and Kendall? His habit and disappearances and reappearances have been unusual for an prolonged time. yet i don't see what reason he'd have for killing Adam. Annie's affiliation with him in basic terms began after the taking photos. additionally, the two Annie and Emma observed Adam shoot Stuart. After the killer replaced into printed I had a glimmer of doubt for a on an identical time as too, yet i've got general that it replaced into Adam.
2016-10-19 12:51:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I'd wait until you have your job a bit longer. Make sure the job is secure first. $20,000 really isn't much for a DP in today's housing market. Cut out all unneccessary spending and save as much as you can, and maybe try again in 6 months. The longer you have your job, the less of a risk you are.
2007-03-24 09:42:32 · answer #4 · answered by Principessa 5 · 0⤊ 0⤋
If you have a spouse who has been working you can apply today. If I were in your shoes I would apply today because I know of a group of private investors who would probably do that loan for you. The worst that can happen is that you will be told no, but even with a turndown they will tell you what it would take to qualify.
One more piece of advice. Apply with a broker who has access to numerous lenders, but only pulls your credit once.
Good Luck
2007-03-24 09:32:39 · answer #5 · answered by Cindy 3 · 0⤊ 0⤋