answersLogoWhite

0


Best Answer

Banks require a 2 year job history, you can have different jobs as long as they were in the same industry. So as long as you can piece together atleast a 2 year job history, you will be fine. If you have any issues there are alternative documentation types such as stated income, no documentation, etc.

User Avatar

Wiki User

2015-07-15 21:22:24
This answer is:
User Avatar
Study guides

Mortgages

19 cards

When buying a house can you get a larger house loan so you can pay off some of your credit cards and car

How long do you have to wait in Canada before purchasing a house after bankruptcy

What is a mortgage lien

Is home owners insurance required

➡️
See all cards
4.5
4 Reviews

Add your answer:

Earn +20 pts
Q: Do banks require permanent employment for a minimum number of years for mortgage applicants?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the difference between full time vs permanent employment?

A fulltime employment involves a minimum of 8 hours (sometimes more/less, depending on the business) and comes with certain benefits which are not enjoyed by a part time employee. "Permanent" employment is generally Fulltime and the term (permanent) is mostly used in state (government) owned jobs. A "Permanent" employment starts with a probation period, successful completion of which leads to an employee termed as "Permanent" or "confirmed". Once an employee becomes "Permanent", he/she enjoys certain additional benefits like PF, Gratuity, Pension etc. The term "permanent" essentially means that the employer will not terminate an employment contract under normal condition. This gives greater stability to the employees.


What is the employment minimum wages in 1995 in the US?

$7.25


What is the minimum age of employment?

the legal age is 14...


What would be considered a minimum wage job?

A paid employment position for which the compensation is the minimum allowed.


What has the author Richard Dickens written?

Richard Dickens has written: 'The effect of minimum wages on employment' 'The employment effects of the October 2003 increase in the national minimum wage' 'The effect of minimum wages on UK agriculture'


What are the minimum qualifications needed for a first time home buyer to apply for mortgage?

Minimum requirements are the ability to make the montly mortgage payment. You also must be able to show that you have used credit responsibily in the past.


How much should a 16 year old be getting paid at a job?

minimum wage. contact your local employment agency for details minimum wage. contact your local employment agency for details


What is the minimum age to get Oman employment visa?

You should complete 21 Years of age to obtain a employment visa for Oman.


What is the minimum GPA needed to get into shippensburg?

Shippensburg University is a public university in Pennsylvania. The minimum GPA for admissions is 3.16 with 81% out of 6,402 applicants being admitted.


Can you qualify for a mortgage with a fico score of 567?

It is hard to qualify for a mortgage with a Fico score of 567. Most lenders, including FHA, require individuals to have a minimum Fico score of 580 to qualify for a mortgage.


What is maximum age for Walmart employees?

There is no maximum age for employment. There IS a minimum age.


What is the Minimum FICO score needed to obtain an FHA mortgage?

FHA guidelines do not require a "Minimum" FICO in order to obtain an FHA loan. Many investors that make FHA loans do, however, have a minimum FICO requirement. Contact a knowledgeable Mortgage professional in your area and he will be able to help you with additional information.

People also asked