KARLEASE RUDDOCK, Loan Officer
Pro Tip: Be careful about job changes during the mortgage process The post KARLEASE RUDDOCK, Loan Officer appeared first on New York Amsterdam News.
Black News 
By KARLEASE RUDDOCK, Loan Officer
Many prospective homebuyers don’t realize how changing jobs, becoming self-employed, moving from salary to commission, or reducing hours can affect how income is calculated — even if the new role pays the same or more.
Lenders typically look for a stable two-year employment history to confirm that income is likely to continue. A job change in the same field may still work smoothly, but changes in industry, pay structure, or employment type can require additional documentation and may delay approval. Starting a new business or becoming self-employed will often trigger a request for two years of tax returns before the income can be fully considered.
For buyers purchasing income-restricted or income-limited properties, job changes can create an additional concern: These programs often require household income to fall within a specific range. Earning above the allowed limit — even temporarily — may disqualify a buyer from participating in the program.
As your loan officer, I can help structure things the right way, avoid unnecessary delays, and keep everything moving smoothly. No surprises, no last-minute issues — just a clear path to the closing table.
The post KARLEASE RUDDOCK, Loan Officer appeared first on New York Amsterdam News.
