Updated over 5 years ago on . Most recent reply
How to get a loan with a temp job
I am struggling with getting a loan due to a temp job/working with a staffing agency. My offer got accepted on a house and I was suppose to close on Dec 10th. Today, I receive a phone call from my lender saying that I am unable to get a loan because my employer now is a staffing agency and I am contractor for the government. I am guarantee a year worth of work with intent to extend. I have no clue what to do and I would love some advice. Have any of you gone through this? I do not want to lose this house.
Thank you in advance!
Most Popular Reply
@Michelle Paulsen if you’re trying to keep this particular house then you’ll probably have to either find some way to appease your lender (ask, what would it take to make this loan approvable?), or get an extension from the seller to restart the loan process with another lender.
You might think that the latter wouldn’t be possible but you never know what’s going on with the seller; maybe their moving plans are taking longer than anticipated and they’d appreciate the extra time too, or maybe they’d like the sale in 2021 tax year instead of 2020, etc.