“My home mortgage officer are advising me I am unable to score an excellent mortgage no matter what my personal complete-date work in the a major shipment business and you can good income, as the, technically, I’m utilized by an excellent staffing agency. It endure towards throughout the a three-year continuity of cash. so what does that mean? So is this loan officer proper? Does any one of that it voice odd? Do you have one approaches for any choice I might has actually?”

You could potentially be eligible for a home loan if loans Dodgingtown CT you are functioning through an excellent staffing service otherwise temp company. The answer to this type of inquiries are located in the newest depths from federal financial relationships and you may department guidelines. Here is what Federal national mortgage association states:

Stable and you will Predictable Earnings

Fannie Mae’s underwriting recommendations stress brand new continuity off a great borrower’s steady money. New stable and you may legitimate move cash was an option consideration during the mortgage loan underwriting. Continue reading →