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Need mortgage approval/work history advice
I am interested in buying a home and have been pre-qualified. I have zero debt, good credit and can put down at least 20%. I also have money for closing costs, start up costs, a few major repairs and an emergency fund. What I don't have, is an extensive work history. I'm not proud of this at all, but 5 years ago, my now ex-husband bullied me into quitting my job to take care of his mother full time. She passed away earlier this year and within a month, he filed for divorce. I have been back at work for 6 months now and have received confirmation that my job is secure. However, I'm afraid my limited work history will prevent me from being approved for an actual mortgage, even though I can easily afford the houses I'm interested in. The pre-qualification I got was based only on my credit and income, so I don't feel like I can put much stock in it. I have also read that I may be asked to explain the employment gap and I'm not sure my explanation is acceptable. So my question is, is there anything I can do to make myself more appealing to a lender? Also, is there a certain type of loan, or program that I should be looking into? TIA for any help you can offer.
Re: Need mortgage approval/work history advice
No amount of education could convince Betty to be nice to possums
I think you will be ok, but I was never asked about work history