Did You know that FHA has specific guidelines for Borrowers who make frequent changes in Employment and have significant gaps in employment?

When a Borrower has jobs more than 3 times in a 12 month period this requires extra underwriting scrutiny and documentation to be provided for the reasons why and to show stability of income.

Advances in position , income raises or job training such as certifications are completely acceptable BUT must be proven with documentation to justify using the income.

In addition, Borrowers who have gaps of employment of 6 months or more may be acceptable if they have been back to work for AT LEAST 6 months and can provide a VOE (verification of employment) before their extended absence that covers a prior 2 year work history.

Contact our office, and we’ll connect you to a loan consultant who can give you more information about employment requirements.

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