Anyone have experience changing jobs before, during or after a home purchase? I know during is a terrible idea and after would be ideal, but how about before? Assuming compensation is greater in the new job and the company is stable.

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I used to underwrite mortgages. Please, do not change jobs right before or during. It will be a headache for you

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Just realized I commented on the wrong comment lol. But I was an underwriter for two years, and as long as you have an offer letter and whatnot, it’s totally fine. I speak from experience from both the bank’s side and the purchaser’s side. Plus, in my case, I hopped jobs often enough that it made since that I was changing jobs again

Banks check employment very closely. It will matter if you just changed your job bc they want to see a secure job.

likehelpful

Yeah…so if you jump it better be for so much more money at a reputable company that it balances out whatever the bank may presume from you leaving a long term job

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I changed jobs in the middle of purchasing, and I hop jobs about every 5-6 months. Just had to provide the offer letter and resume

Damn, 14 jobs in 7 years is no joke. Congrats!

I am also building and switched jobs during, but compensation was greater so that helps. Realistically they just want no employment gaps.

We are closing in December, so hopefully we have no hiccups.

Changing jobs won’t greatly affect making a home purchase, it’s just a lot of stress in one year. If you have less than two years at a job I think you just have to tell them where you worked before that.

I bought a new house and started a new job two months later.

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