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Are you about to start a new job but can’t purchase a home because you do not have paystubs? Most banks and mortgage companies will require 30 days of paystubs at a new job prior to closing. We can close up to 90 days before starting a new job! Here are some quick tidbits of what you need to know:

• Program is for owner occupied only
• You may not be employed by a family member.
• Must have a specific employment offer letter with no contingencies or that all contingencies have been met prior to closing.
• Conventional mortgages backed by Fannie Mae can close 90 days before employment start date.
• Conventional mortgages back by Freddie Mac can close 60 days prior to employment start date.
• FHA mortgages can close 60 days prior to employment start date.
• USDA mortgages can close 60 days prior to employment start date.

For any specific scenario questions, give us a call!

-MTM