Can I get a mortgage loan if I am working for 1 year.

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Can I get a mortgage loan if I am working for 1 year.


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You will need to verify two years of employment. If you were unemployed for a period of time before your current employer, it is still okay. You will need to provide your previous employers information along with your current employer, when completing the application.

Answered 7 months ago

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Yes and No. If you want a conventional loan to purchase a home or investment property you will need 2 years employment in the same profession. If you want a private money loan aka hard money loan this wont be a problem. With private money loans you will need a larger down payment. The minimum down payment I have seen is 25% of the purchase price. An option is you could put 10% down and have the seller carry back 15% or 20%. This answer is based on what I have seen work here in California. I hope this helps.

Answered 6 months ago

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