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Mortgage  Question?
Two years continuous employment to qualify mortgage?

I am a military veteran that has over ten years of work experience in my current field. I experienced a nine month break in my employment last year. Will the break in my employment hurt my ability to qualify for a mortgage and do I need two years of continuous employment before I apply?

Harry Jensen, Trusted Mortgage Expert with 45+ Years of Experience
, Trusted Mortgage Expert with 45+ Years of Experience

First off, thank you for your service. Given your extensive work experience in your current field of employment, the two-year employment requirement should not be an issue when you apply for a mortgage as long as you are not in an initial probation period for your current job. Lenders may ask you to submit a letter that explains the gap in your employment but your long-term track record of working in the same industry should overcome an employment gap, especially if there was an extenuating circumstance that led to the gap such as a family emergency. If you are in an initial probation / evaluation period with your current job you may want to wait until that period ends before applying for a mortgage.

It is important to highlight that in addition to your employment history, lenders will also evaluate your credit score, debt-to-income ratio and other factors to determine your ability to qualify for a mortgage. We provide a comprehensive overview of borrower mortgage qualification requirements on FREEandCLEAR. Additionally, given your veteran status you should consider a VA Mortgage which allows you to buy a home with no money down and typically at a lower interest rate. We provide a comprehensive overview of the VA Mortgage Program including borrower qualification requirements on FREEandCLEAR.

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About the author

Harry Jensen, Mortgage Expert

Harry is the co-founder of FREEandCLEAR. He is a mortgage expert with over 45 years of industry experience. Over his career, Harry has closed thousands of loans for satisfied borrowers and now offers his advice and insights on FREEandCLEAR. More about Harry

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