Are You Able To Buy Your First Home If You Have Employment Gaps?

Today I received an email:

It read:  I would love to buy my first home but I’ve been laid off twice in the last two years. My current employment has only been for 6 months. I was never laid off prior to the last two years of employment. Can I buy a home?

A great mortgage advisor asks questions and does not rush in with a response of yes or no.

We ask questions like:

• How long was each employment gap? 
• Are you a w2 employee?
• Are you a full time employee? 
• How many hours do you work? 
• Have you always been employed in the same line of work? 
• Do you receive bonus income or straight commission?
• Do you feel comfortable completing a mortgage application and providing the necessary documentation to be able to do a thorough review? 
• What were the dates of unemployment?

Trustworthy and reputable mortgage professionals understand every scenario, life situation and person is different. 

We are always interested and willing to do a little further research and investigation to bring you more peace of mind, confidence and security so when you execute on a purchase contract your transaction won’t fall apart.

The short answer is Yes there is a possibility that you can buy your first home if you’ve previously had employment gaps. 

However you must be able to provide all of the detailed information that is requested including answering questions like the ones listed above.

Today’s market requires you to have a skilled negotiator and consultant, like me, helping you and the people you care about right now. 

Call or text me with any questions that will let me separate opinion from opportunity. 

If you found value in this video and would like more information feel free to reach out to me.

My name is Edgar DeJesus, I’m a local mortgage advisor and branch manager of Treasure Coast Home Loans. 

Remember I am happy to help you, lead you and guide you. 

Thank you for taking time out of your day to watch this video. 

Start your pre-approval