W2 Income History

[Kyler J Sloan]

So, I am about to switch jobs, but also hoped to buy another house very soon. 

Is a 2 year income history all that is expected, or will it matter if switched jobs immediately prior to applying for financing? 

Thanks!

[Reid Chauvin]

@Kyler J Sloan - it will only matter if you change income types to variable income. For example, if you've been working as a salaried employee and are switching to a commissioned job, you'd need at least 1 year of receiving commission income to use it to qualify for a mortgage. Same if you were to decide to start your own business. The idea is to get comfortable that your income is consistent and likely to continue. Switching from salaried job (i.e. guaranteed income) to salaried job is easy to nail down.