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I would like to thank you all in advance for replying to my question if I don't directly reply to you afterward.

A little background:

Currently I live in California.

I worked as an engineer with the same company for 5 years. In April of 2007 I quit this job and opened up a retail store. 18 months later I went back to work at a different engineering company and have been employed with them for 6 months. I have been getting mixed answers from my mortgage broker on if I qualify for a FHA loan based on their steady employment criteria.

Can anyone help me with this or point me to some lenders that can help?

chuckdemonte · Joined: 16 Apr 2009 Posts: 5 2.97 Dollars($)

If you are a "wage" earner meaning you are salaried or you have w2'd income you should be fine.

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smithsussane · Posted: Thu Apr 16, 2009 7:39 pm Post subject:

Hi darrenito!

Welcome to forums!

In order to get a FHA loan, you will require an established employment history. The lender will look into your employment history and verify your current position and your capabilities to repay your loan. As far as I know, FHA prefers individuals with two or more years at current position or in the same field.

Feel free to ask if you have further queries.

Sussane

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

If you have good Tax filing records, you should be good.

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