worried about financing / getting a loan and job length
hello everyone from BP.
i am about to fill out my mortgage application for a multi family rental property. credit is tier 1 my co applicant's credit is tier 1. between the both of us we have 25% or more for a down payment. my co app has a good steady job and job history.
here is my worry. after being at my last job as a waiter in a restaurant for 10 months, they got into some issues and closed down. i spent a month just working side gigs until i found something. im now at a new job in the same industry with better pay but have only been here for 2 months.
im thinking that the bank (wells fargo) will not consider my income. if thats the case we wont be able to secure financing with only using my co applicants income. any suggestions ?
i do recall the women who i'm talking to at wells fargo saying usually they like to see six months.
should i just wait 4 more months ?