{ "media_type": "text", "post_content": "Anyone here able to qualify for a mortgage within a year after full-time b school? My wife and I combined make $290k now, but I’m hearing that lenders want 2 years of income history. Wife had her job, but I only had internship income during school. \n\nWould love to hear thoughts / experiences. Thanks.", "post_id": "6090b784330ecf001c201e6e", "reply_count": 8, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

Anyone here able to qualify for a mortgage within a year after full-time b school? My wife and I combined make $290k now, but I’m hearing that lenders want 2 years of income history. Wife had her job, but I only had internship income during school. Would love to hear thoughts / experiences. Thanks.

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I got pre-approves for $850k mortgage on my income only in Sept after graduating B school in May. 2 years income just means your tax records. Your loan is based on your current salary, current debts, credit score, and cleanness of financial record. The tax history fits into the last part (eg, no unpaid taxes/liens, etc).

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I put 20% down. The 20% unlocks a lot (better rates, larger LTV percentage)

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They will count your base salary. But need two years of bonus history to have that count too.

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I was approved in February after I started a new job in September.

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Similar situation

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Was in the same boat last summer. I am the sole earner for a family of 4 1 yr out of B school and had zero issue.

I got approved about 14 months after I started working (~18 months after graduating). I had one tax return in my post mba role to provide which is probably the minimum they’ll take.

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