Income And Employment

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Working With a Loan Officer: Mortgage Process Guide
ByJohn Strange, NMLS: 230932 Posted onSeptember 9, 2026September 10, 2026

Working With a Loan Officer: Mortgage Process From Pre-Approval to Closing Your journey with a loan officer begins even before…

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Gaps In Employment | Income And Employment | Videos

Buying a House With a New Job or Employment Gap: Mortgage Guidelines
ByGustan Cho, NMLS 873293 Posted onSeptember 4, 2026September 7, 2026

This guide covers mortgage guidelines for buying a new house when starting a new job or facing an employment gap….

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Income And Employment

Mortgage After Retirement: How Retirees Can Qualify
ByGustan Cho, NMLS 873293 Posted onSeptember 2, 2026September 9, 2026

Getting a mortgage after retirement involves qualifying based on income, assets, and credit, even if those come from retirement. Many…

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Income And Employment | Gaps In Employment | Mortgage Processing And Underwriting | Videos

Job Stability for Mortgage Approval: What Lenders Actually Review
ByAlex Carlucci, NMLS: 229891 Posted onSeptember 1, 2026September 3, 2026

How important is job stability for mortgage approval? The importance of job stability in mortgage approval comes from a lender’s…

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Gaps In Employment | Income And Employment | Videos

How to Get a Mortgage With Short Employment History
ByGustan Cho, NMLS 873293 Posted onSeptember 1, 2026September 3, 2026

A two-year employment history does not necessarily mean two consecutive years at the same job. You can have gaps in employment and/or multiple jobs in the most recent two years and still qualify for mortgage approval. In some cases, you can qualify for a mortgage with 12 months employment history.

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Income And Employment

Loss of Employment During Mortgage Process: Can You Still Close?
ByGustan Cho, NMLS 873293 Posted onAugust 24, 2026August 25, 2026

A loss of employment during mortgage process won’t necessarily lead to an automatic denial of your mortgage. However, lenders will…

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Mortgage Processing And Underwriting | Automated Underwriting System | High Debt To Income Ratio | Income And Employment | Manual Underwriting | Mortgage Denial | Mortgage Lender Overlays | Videos

When Things Go Wrong During the Mortgage Process
ByGustan Cho, NMLS 873293 Posted onAugust 22, 2026August 24, 2026

This guide covers solutions for when things go wrong during the mortgage process. The mortgage process can be very stressful….

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Mortgage Processing And Underwriting | High Debt To Income Ratio | Income And Employment | Manual Underwriting | Qualifying & Getting Pre-approved | Student Loans | Videos

Liabilities in Mortgage Qualification: How Underwriters Calculate Your Debts
ByGustan Cho, NMLS 873293 Posted onAugust 15, 2026August 17, 2026

Liabilities in Mortgage Qualification: What Debts Count? When applying for a mortgage, understanding how underwriters evaluate liabilities in mortgage qualification…

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VA Loans | High Debt To Income Ratio | Home Mortgages | Income And Employment | Manual Underwriting | Mortgage Lender Overlays | Mortgage Processing And Underwriting | Videos

VA Loan Residual Income Guidelines for Homebuyers
ByTanhia Romero Posted onJuly 31, 2026August 10, 2026

Lenders can offer 100% with no mortgage insurance at competitive low mortgage rates on VA loans due to the government guarantee against loss or foreclosure on VA loans. VA loans have no maximum debt-to-income ratio cap on VA loans.

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Income And Employment | Bank Statement Loans | NON-QM Loans | Videos

Mortgage with No Income Documentation and No Tax Returns
ByGustan Cho, NMLS 873293 Posted onJuly 27, 2026July 28, 2026

Gustan Cho Associates has a mortgage with no income documentation, no tax returns, and low credit scores. Many folks who…

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Income And Employment | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos

IRS 4506T Form vs Form 4506C for Mortgage Loans
ByGustan Cho, NMLS 873293 Posted onJuly 22, 2026July 23, 2026

IRS 4506T Form vs Form 4506C: How Mortgage Lenders Verify Income This guide covers the IRS 4506T Form vs Form…

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Income And Employment | Bank Statement Loans | Gaps In Employment | Mortgage Processing And Underwriting | Videos

Mortgage For Self-Employed Versus W-2 Borrowers: Income Rules and Loan Options
ByGustan Cho, NMLS 873293 Posted onJuly 10, 2026July 13, 2026

Self-employed and W-2 borrowers can qualify for many of the same mortgage programs. The main difference is how lenders verify…

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Income And Employment | Gaps In Employment | Mortgage Processing And Underwriting | Verification of Employment | Videos

Changing Jobs During Mortgage Approval Process
ByGustan Cho, NMLS 873293 Posted onJune 26, 2026June 26, 2026

Changing Jobs During Mortgage Approval Process: What You Need to Know Changing jobs during mortgage approval process can be a…

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Income And Employment | No-Ratio Mortgage Loans | NON-QM Loans | Qualifying & Getting Pre-approved | Videos

1099-Income versus W-2 Income Mortgage Guidelines
ByGustan Cho, NMLS 873293 Posted onJune 26, 2026June 29, 2026

1099-Income versus W-2 Income: How It Affects Your Mortgage Approval When applying for a mortgage, the type of income you…

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Income And Employment | Bank Statement Loans | No-Ratio Mortgage Loans | NON-QM Loans | Videos

Self-Employed Mortgage Loans When Banks Say No
ByGustan Cho, NMLS 873293 Posted onJune 23, 2026September 8, 2026

Most guidelines require lenders to average the most recent two years of income to qualify applicants. Some programs allow borrowers with newer businesses if they have experience

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Headline News Archives | Home Purchase | Income And Employment | Property Taxes | Qualifying & Getting Pre-approved | Real Estate Topic | Videos

Illinois Mass Exodus Due To Jobs, Housing, Tax Policy
ByAlex Carlucci, NMLS: 229891 Posted onJune 8, 2026September 3, 2026

This guide covers the Breaking News About Illinois Mass Exodus Due to Jobs, Housing, Tax Policy. Illinois’ long-standing high taxes…

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Income And Employment | Gaps In Employment | High Debt To Income Ratio | Home Mortgages | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Self-Employed Borrowers | Verification of Employment | Videos

Verification of Employment Before Mortgage Closing
ByGustan Cho, NMLS 873293 Posted onJune 5, 2026September 1, 2026

Verification of Employment: This is really important when you want to get a mortgage. Whether you are buying your home…

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Income And Employment | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos

Employer Distance Requirements on Primary Home Mortgages
ByDale Elenteny, NMLS: 904444 Posted onMay 18, 2026May 19, 2026

Can you buy a primary home far from your employer if your job is remote? Yes, you can buy a…

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Income And Employment | Qualifying & Getting Pre-approved | Videos

Temporary Unemployment Mortgage Guidelines
ByGustan Cho, NMLS 873293 Posted onMay 13, 2026May 14, 2026

Temporary unemployment mortgage guidelines help homebuyers understand how a job loss, layoff, furlough, or employment gap can affect mortgage approval….

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Jumbo Loans | Income And Employment | NON-QM Loans | Real Estate Topic | Videos

Jumbo Mortgages For Self-Employed Borrowers
ByMike Gracz, NMLS: 1160212 Posted onMay 7, 2026May 11, 2026

Jumbo mortgages for self-employed borrowers are available, but qualifying can be more challenging than it is for W-2 employees. Jumbo…

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High Debt To Income Ratio | Income And Employment | Manual Underwriting | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos

Undisclosed Debt Guidelines During Mortgage Process
ByDale Elenteny, NMLS: 904444 Posted onApril 26, 2026May 1, 2026

Undisclosed Debt Guidelines During Mortgage Process Most undisclosed debts will be discovered by lenders during a third-party national public records…

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Income And Employment | Conventional Loans | Declining Income | FHA Loans | irregular income | Qualifying & Getting Pre-approved | Verification of Employment | Videos

Employment Gaps Lending Guidelines For Mortgage Approval
ByGustan Cho, NMLS 873293 Posted onApril 26, 2026April 27, 2026

Lending Guidelines on Employment Gaps for Mortgage Approval This blog addresses the eligibility criteria for obtaining a mortgage and securing…

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