Zillow Advice: Home Ownership - What happens if you change employment prior to pre-qualifying? http://www.zillow.com/advice-thread/What-happens-if-you-change-employment-prior-to-pre-qualifying/433966/ Zillow Advice | Zillow Real Estate weasel clause: offer is subject ... http://www.zillow.com/advice-thread/What-happens-if-you-change-employment-prior-to-pre-qualifying/433966/ <br/>weasel clause: offer is subject to receiving favorable financing <br/><br/>of course offers that do not require financing will be more attractive<br/><br/> Sat, 17 Nov 2012 18:45:00 GMT http://www.zillow.com/advice-thread/What-happens-if-you-change-employment-prior-to-pre-qualifying/433966/ 2012-11-17T18:45:00Z I would agree with everything ... http://www.zillow.com/advice-thread/What-happens-if-you-change-employment-prior-to-pre-qualifying/433966/ I would agree with everything that Jennifer says there. I would also add though, even after approval and moving forward in the buying process, don't make any major changes (which includes purchases like cars). &nbsp;I have seen where a added payment or major shake up like a new job has caused the purchase to fall apart, and the buyer lost their down payment because of this. &nbsp;The best thing you can do is always be upfront with the lender and agent, if a major purchase is NEEDED, there is always a way around it to make sure the purchase is done and the loan still gets issued. Sat, 17 Nov 2012 18:31:00 GMT http://www.zillow.com/advice-thread/What-happens-if-you-change-employment-prior-to-pre-qualifying/433966/ 2012-11-17T18:31:00Z Good to know. Thank you! http://www.zillow.com/advice-thread/What-happens-if-you-change-employment-prior-to-pre-qualifying/433966/ Good to know. Thank you! Sun, 04 Mar 2012 23:53:00 GMT http://www.zillow.com/advice-thread/What-happens-if-you-change-employment-prior-to-pre-qualifying/433966/ 2012-03-04T23:53:00Z This a great question! Often ... http://www.zillow.com/advice-thread/What-happens-if-you-change-employment-prior-to-pre-qualifying/433966/ This a great question! Often times, potential home buyers are not aware that to get&nbsp;pre-qualified for a home loan nowadays, depending on the kind of home loan you are trying to utilize, then&nbsp;you have to have a minimum number of months on the job before a lender will loan you money. <br/><br/>It is always best to ask your mortgage professional, but for example, if you are trying to get pre-qualified for a VA loan (which is 100% financing with no cash down payment at closing), then currently,&nbsp;a prospective borrower has&nbsp;to show a minimum of 6 months on the job. In addition, it is helpful if you can show previous employment/experience in the same field that you are currently employed.<br/><br/>However, if you are wanting to obtain a conventional mortgage, then because this is currently a minimum of 20% cash down at closing, this employment requirement is far less strict. <br/><br/>So again, check with your mortgage specialist, but I am glad you asked this question as it is a great one to bring to the forefront of potential home buyers minds. <br/><br/>Best regards,<br/>Jennifer Sun, 04 Mar 2012 23:33:00 GMT http://www.zillow.com/advice-thread/What-happens-if-you-change-employment-prior-to-pre-qualifying/433966/ 2012-03-04T23:33:00Z