Getting a Mortgage with a Commission Based Job

[Tyler Coyle]

Hey BP,

Currently, I am in a Salary position. I have

never worked commission based only jobs. I am considering pursuing a job opportunity that is commission based.

However, I've heard that you have to have 2 years work history under a commission only position to apply for a mortgage, and my prior work history will be disregarded.

Is there anyway around this?

FYI, at this moment the strategy to enter the field I've been focusing on is buying a duplex or tri-plex through a first time home owners program. However, waiting two years if I were to go to a commission only job would be a bottle neck for me.

Thanks in advance

[Caleb Heimsoth]

@Tyler Coyle most likely for any conventional lender you’d need to wait 2 years. Other option is to buy before you switch jobs