07/31/2021
Will a recent career change affect my ability to qualify? Yes! You must provide proof of employment and be able to state that you’ve been working this job for the last 3 months. This, though not a major one, can be a setback in the approval process and only lengthens the time it takes to get approved.
Does this mean I shouldn’t change jobs at all? No, a higher income will ALWAYS increase your chances of an approval, so this quite the double edged sword.
⭐️Dhruv’s advice: Don’t make any sudden career changes before getting approved for a home unless you’re prepared to wait the extra little while it takes. If the income jump is significant enough to help your approval and land you a better rate we’re happy to wait because we want the BEST FOR YOU!