High Fives for starting a new job! We love fresh starts 🙂

Whether or not income from a new job can be used to qualify for a mortgage will depend on a couple of things:

  • Full Time? We can use your income to qualify for a mortgage right away, as long as you’re not on probation. Many employers have a trial period with their new employees to make sure they are a good fit for the job. Some lenders will make you wait for this period to pass before they will use your income. 
  • Part Time? In this case, most lenders will require a 2-year history of part time income before they will consider it in a mortgage application.
  • Bonu$ or Overtime? Most lenders require a two year average of these earnings in your position before they can be included.
  • Self Employed? This topic is so big, we’ve dedicated a whole page to it. Click Here!

There are often exceptions that can be made, depending on what the rest of your application looks like.  For example, if you are making a very large downpayment or if you have a considerable amount of experience in the industry. The best way to know for sure is to get in touch!


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