You Changed Jobs Too Frequently
Lenders like stability — and nothing screams “unstable” more than treating jobs like fashion trends. You’ll need to stick around for at least two years, according to John Thomas, a branch manager at Primary Residential Mortgage.
“The guideline to get a mortgage loan is a minimum two-year work history as it provides stability in the eyes of the lender,” Thomas said.
“We as the bank want to make sure the borrower has the ability and the stability to keep paying the mortgage payment every month, and a job history is one of the best predictors. You don’t have to be at the same job for two years, but there must be a pattern of continuing to work and stability.”
