An FHA loan may still be possible after a lengthy job gap. Learn the six-month return-to-work rule, the two-year work history requirement, and how timing affects a purchase or refinance.
When it comes to securing a mortgage through the Federal Housing Administration (FHA), understanding the nuances of income qualification can be crucial, especially for those with multiple job streams. The FHA’s primary aim is to ensure that the income used to qualify for a mortgage is stable, predictable, and likely to continue. Here’s a deeper…