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I qualify for a mortgage, but do not have two years of required income to get a mortgage. is this a requirement.

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Guest	Posted: Tue May 10, 2011 10:02 am    Post subject: I qualify for a mortgage, but do not have two years of requi Like 0 Dislike 0 I qualify for a mortgage, but need two years to support the amount of income. Is this a requirement for two years or can I get a mortgage that qualifies with income support as of jan. 2011
chrisgummerson Community Expert Joined: 29 Apr 2010 Posts: 704 Location: La Palma, CA 9.98 Dollars($)	Posted: Tue May 10, 2011 2:06 pm    Post subject: Like 0 Dislike 0 You would need to have 2 years verifiable income. Unless you are a recent graduate and your new job is in similar line of work as your studies, then a lender can use your schooling to full fill the 2 year requirement. _________________ Chris Gummerson Bay Valley Mortgage Group bayvalleymortgage.com 714-367-5125
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Tue May 10, 2011 9:26 pm    Post subject: Like 0 Dislike 0 Hi Guest, As Chris has said, it is mandatory for you to show 2 years of verifiable income in order to qualify for a mortgage. You can take help of a co-signer who has a good income and try to qualify for a mortgage. Thanks
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Wed May 11, 2011 1:13 pm    Post subject: Like 0 Dislike 0 It's safe to say that more information is needed to give you a valid answer. Sometimes less than 2 years works, but most times it doesn't. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

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