Specialized In Jumbo Loans, Investor Loans, DSCR Loans, Non-QM Financing, Commercial Mortgages, and Tax-Informed Lending Strategies
Published By
David Ghazaryan
Owner / Broker / Banker
Contact Me At
(702) 766-3744
NMLS 1486726
Lenders typically require a stable two-year history of receiving income from two part-time jobs to use it for mortgage qualification.
To account for fluctuating hours, underwriters average your earnings over 12 to 24 months to establish a consistent qualifying income.
Both FHA and Conventional loans have similar guidelines for part-time work, prioritizing income stability and a high likelihood of continuance.
Read the full blog article here: https://www.iqratemortgages.com/blog/using-two-part-time-jobs-for-a-california-mortgage
Lenders see two jobs, but only your two-year history counts. My name is David Ghazaryan; I structure files for underwriters. They don't use your best month, just a two-year average. This means your steady work becomes your most valuable asset. So a new second job, even with great pay, helps nothing. This analysis continues across my platforms. See links in description.
Read Blog Here: https://www.iqratemortgages.com/blog/using-two-part-time-jobs-for-a-california-mortgage
