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Old 02-05-2009, 10:25 AM
 
88 posts, read 264,994 times
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New Job and applying for mortgage!
I start a new job on Monday, how long should we wait to apply for a mortgage if we want my income to be included? Or will they even consider it? I was thinking a month or two. My husband employment has been stable, same job for the last 11 years (military). We live in Texas. We tried using him only on the loan, but they considered my debt, etc. because we are in a community property state. They said our debt to income ratio was too high, even though we pay all bills on time no collections or anything. We just applied for that mortgage this month with USAA. How long should wait to apply again since I'll be working now?
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Old 02-05-2009, 11:28 AM
 
Location: Salem, OR
13,750 posts, read 31,601,217 times
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Did you work before, and this is just a change to a new job, or are you entering the work force after not working for some time?
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Old 02-05-2009, 12:25 PM
 
88 posts, read 264,994 times
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I have not worked in about four months. Only because the military relocated us to Texas.
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Old 02-05-2009, 05:52 PM
 
Location: Great State of Texas
86,093 posts, read 69,949,006 times
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Banks want to see steady employment. If you wait a month and apply they will see job - 4 month gap-job for 1 month. Probably won't go over so well.

I'm going to say 6 months to 1 year steady employment. In today's shakey economy they want to make sure you can pay that mortgage back.
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