Buying A Home
Jashley05
member
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Looking to buy and new job
I think I know the answer to this, but just want to see if anyone has had first hand experience. My husband and I have been looking at houses for some time now, just waiting for the right one to come along. Today, I accepted a new job and a different compay. It is an increase in pay and still along the same line of work that I have been doing previously.
Am I going to have any issues with financing when we do find the right house? My thought is not so much because it's an increase in pay, same line of work and I haven't had a gap in employment since I graduated from college (even then I worked part time while in school).
Thank you!
Re: Looking to buy and new job
Wedding Bio
Life and Love at #16 | our married life blog
Since I hadn't been in my current job 2 years (what my mortgage company liked), my mortgage person had me write a (brief) letter stating that I'd only been at my current job X number of months, but I'd been in the same line of work for X number of years and I'd taken the job because I had to relocate to a new city. (In your case, to take a raise/promotion/whatever.)
As others have said, check with who you might want to get your mortgage through first to see if they'd have any issues.
DH and I bought our house when I was 6 months out of college and hadn't started my FT job due to start dates being pushed back due to the recession. DH had been working at his company for just over a year. I just had to provide my offer letter and show that the field that I was going into was related to what I studied in college (our mortgage company considered college a "job"). After I had two paychecks, we were clear to close.
It's a dog's life!
When we bought, my husband had gotten his new job in October, and we were scheduled to close in November. We had to push closing back to December, so that he had 2 months worth of pay stubs.
ETA: This was a huge step up for him, moving from cooking/going to school to becoming a teacher. But we still needed proof.