re: first time home buyer?

quote:

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So you say you don't need a two year history? So a housewife who hasn't worked in years can go get a salaried job for 30 days and her income will qualify? I doubt many underwriters will put their name to that. There can be gaps in the two year history but you have to show some recent work history other than the current 30 day job.

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Yes. With letter of explanation from client and mortgage lender. Have done it many times.

With current guidelines, you're correct and I agree with you, it seems odd underwriting would approve this. While they certainly don't love it, it's accepted.