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Qualifying For An FHA Loan With A New Job?

Question:

Hi, I’m starting a new job next week. It’s in the same industry, just at a higher level title and a higher salary. I read an older post somewhere that a job change would be fine so long as you’re in the same industry the last two years. Is that still the case for an FHA loan?

Answer:

That’s correct. You can use the new salary with a signed offer letter. In fact, you don’t even need to start at the new job, so if you’re in between jobs, if you’ve got that signed employment letter with a start date, you can use that new salary. It’s called expected income under FHA guidelines.


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