My employment history isn’t the most consistent on paper—I had a 3-year gap while recovering from a back injury. I’m back to work now, and I expect to have my only credit card fully paid off by the end of this month, which should bring my credit score back up to around 800.
I previously had a mortgage when I was married, always made payments on time, but I’m not sure if that’ll factor into a new mortgage application. Most sources I’ve read mention needing 2 years at the same job to qualify, but I’m wondering if there’s any flexibility there.
I should have 20% down in about 6 months (single, no kids, low rent, making $80k+/year).
Am I looking at having to rent for 2 more years, or is there a chance I could qualify sooner?
You don’t actually need 2 years at the same job. Generally, you need a 2-year employment history, though gaps over 30 days may need to be explained. Some lenders might ask for at least 6 months back on the job, but if you’re waiting that long anyway, you should be fine. Good luck!
Gaps won’t usually derail things, especially if it’s for medical reasons like yours. The 2-year history before the gap will be considered, but variable income (like mileage-based trucking) might make calculating income trickier. Definitely check with a lender when you’re ready to apply.
@Remington
Thank you! Since my income is variable (I’m a truck driver paid by miles plus extras), I’ll start with my credit union once I’ve saved enough for the down payment
Drew said: @Remington
Thank you! Since my income is variable (I’m a truck driver paid by miles plus extras), I’ll start with my credit union once I’ve saved enough for the down payment
If you want a better sense of where you stand, it wouldn’t hurt to reach out now. Your income type can complicate things, so getting an early read might help avoid surprises.
@Remington
I haven’t been back long enough yet—3 weeks of training and 3 weeks solo. I’ll wait until after my 90-day probation. I’ll plan to reach out around the first of the year and just keep saving!
@Drew
One year back is a good target and will make things easier for the loan officer. Glad you’re being realistic, and I hope you find the perfect place!
Most lenders want a 2-year work history with explanations for any gaps in the last two years. If your gap was over 6 months, they’ll typically ask for 6 months back on the job, ideally in the same field.
