How Does National Guard Deployment Affect Mortgage Qualification?
How does quitting your job for a national guard deployment affect your ability to qualify for a mortgage? I quit my job before I was deployed but I am returning to my old job now and I want to apply for a mortgage. I have a good credit score and am making a 20% down payment.
Thank you for your service to our country. The break in your employment due to your National Guard deployment should not cause an issue when you apply for a mortgage because military service is considered employment according to mortgage qualification guidelines. As long as you can verify your employment prior to and after your deployment, as well as your military service, and your current job does not have a trial or probation period, your employment history should be sufficient to qualify for a mortgage. We provide a comprehensive overview of the employment history requirement for a mortgage on FREEandCLEAR. Your mortgage application should also benefit from your strong credit and financial profile.
We always recommend that you contact multiple lenders to understand how they would handle your unique situation. You can review lenders in your area by clicking INTEREST RATES We advise you to contact at least four lenders as qualification guidelines vary. Plus, shopping multiple lenders is the best way to save money on your mortgage.
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