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Hamilton Thomas
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Proof of income while in between jobs

Hamilton Thomas
Posted Nov 3 2019, 11:38

I’m active duty military at the moment but my contract will be up this summer. I’ve been told that getting a mortgage once your off active duty can be tough bc you won’t have any proof of income. Is it extremely difficult to have 4 years of W2 income, be in between careers, and still get approved?

I’ve started a business but won’t be operating for 2 years by July of next year. I was thinking to start the buying process a couple months before I leave, and once I’m officially out I can move right into the home.

Any input is appreciated. Just trying to get ahead of this while I still have that solid “buying power”.