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Old 06-04-2015, 03:07 PM
 
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I have 2 jobs, one for 6 years and the other for 1 year, can I use both on my home loan if I only have 1 w2 for the other job?
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Old 06-04-2015, 04:24 PM
 
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Is the 1-year job full time? What kinds of jobs are they (full time, part time, commission/bonus, etc)?
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Old 06-04-2015, 04:28 PM
 
Location: MID ATLANTIC
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Depends on the loan. We are a portfolio lender, so on the loans we hold, we will count it. But VA, FHA and USDA will not, just as PMI will not. So, that means you would have to do an 80-10-10 to be able to count it.....

Now, with that said, what kind of PT job is it? Will you employer say prospects are good to continue? How are you calculating the earnings?
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Old 06-04-2015, 04:29 PM
 
Location: Living on the Coast in Oxnard CA
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I would say it does not matter how many jobs you have. It matters how much money those jobs are bringing in. The longer you are working the better. It all depends on your loan broker. If they are looking for you to show them employment history more than 1 year back then the second job may not come into play anyway. I think that is a question you will need to ask your loan officer.
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Old 06-04-2015, 04:30 PM
 
Location: MID ATLANTIC
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I should have clarified, on VA loans, I have seen the UW use it to offset debt, dollar for dollar.
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Old 06-05-2015, 08:40 AM
 
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Going for USDA and will be fine with the 6 year full time job, but if I can add the 1 year part time job it would help with my dti. Every little bit helps.
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Old 06-05-2015, 08:52 AM
 
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Yes employer will do whatever he can to help. It's just a weekend job but I bring home 600$ a month from it and it would really help if I could use it.
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