Profile picture for user475711

Is there a part time stipulation in getting a mortgage loan?

I'm a nurse working part time because I am currenty going to school full time to get my undergrad degree. I make $46,000 a year part time. I am going to go back to full time in 3/13. Some banks are telling me that I have to be part time for a 2 years. Does that make any sense? My credit is in lower half of the 700's and hardly no debt to speak of. What are my options? Thanks so much for your help.
  • May 16 2012 - Dayton
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (3)

If part-time work is what you do then it is counted as your employment.  The two year issue is if you have a part-time job along with your primary job.

Your school history and previous work history are sufficient to answer the the work history question.
  • May 16 2012
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for user475711
I have been part time for two years at the job before this hospital can I count that too? There was no gap between jobs.
  • May 16 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Most, if not all, lenders require part time employment to be for 24 months to be considered as consistent income.  
  • May 16 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.