Can you get a first time buyer loan if you are starting a new job and you get paid by commission?

Answer 1

I don't think getting paid on commission will present as much of an obstacle as the fact that your husband has only held his current job for 3 months so far. Banks and mortgage companies usually prefer you've held a job for about two years if I recall correctly. I don't know what his past work history looks like, but it could help if it shows can and has held down a job previously. If your credit is as good as you say that will help a lot. A tip: it's possible to have too much credit. If you have credit cards with a high amount of credit available, banks may consider this risky. They don't want to loan someone a lot of money only to have them turn around and max out their credit cards and end up unable to repay the mortgage. And while having a down payment is helpful, it is certainly not necessary.