The most important thing to consider when applying for a home loan is income documentation.

Usually, any lender will require 2 years of proof of income from the borrower.

What if I haven't had my current job for 2 years?

Checking employment is not a job history check. Banks are looking for your ability to earn a steady income.

The so-called 2 years of employment history is not strict, you do not have to have worked at your current job for 2 years in order to apply for a loan.

Different types of loans have different requirements, the following situations can also apply for a loan.

Conventional loans require 2 years of relevant employment history. If there is a gap between jobs, you need to be at your current job for 6 months.

FHA loans require 2 years of relevant work history. If there is a gap between jobs, 6 months on the current job is required.

VA loans require 2 years of relevant school or military history. If active duty military, a minimum of 12 months is required by the date of discharge.

For new graduates in the job market, advanced degrees can be considered equally with work experience.

For example, if you just graduated from college and found a job in the same industry, the bank will consider you to have 4 years of experience, even if you just got an offer.

If you are just changing jobs and industries, you can write a letter of explanation to clarify the similarities between the core skills of the new job and the old one. It's okay to have 2+ years of cumulative work experience.

For example, if a full-time mother returns to work, and the mother dedicates her youth to her children and sacrifices her job opportunities, this does not affect the loan at all, as long as the new job field is similar to the old job field and the previous job has more than 2 years of experience.

As long as you now have a stable job and are in the same field as before, then short-term unemployment is explainable.