“Changing Jobs Just Before Applying for a Mortgage”

 “Changing Jobs Just Before Applying for a Mortgage”



I do have a question regarding my job and how it would affect loan approval etc.

I've been here for 26 months, and would like to start looking for other positions out there with more pay, and possibly be closer to Tolland.

I currently make 56k and my wife is going to be making 81k. I'm wondering if by being at a new job and only being there for a few months would affect my interest rate or the loan in any way. I would be looking for a job in the same field, just a better overall job. Thank you, Eric


The simple answer is, “not usually a problem”. As I advised Eric, definitely always keep your eyes open for an opportunity of a better paying job. I let him know that lenders always want to see that the new job is in a similar line of work.


I just recently ran into a problem with a client that made a job change in the middle of a mortgage application and didn’t tell us and when we called to verify employment we were told that the person no longer worked there. Are you kidding me?


I called in a panic and he said he didn’t realize it was a problem, even though we give each client a list of dos and don’ts. It eventually closed but we were delayed by 2 weeks

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Comment balloon 6 commentsJoe Petrowsky • September 22 2017 07:08PM


Great post and reminder to all Buyer's to make sure they follow the to do's. Thanks for sharing I hope you have a great day.

Posted by Pat Champion, Call the "CHAMPION" for all your real estate needs (Coldwell Banker Camelot Realty) about 1 year ago

Joe Petrowsky WE have encountered this sitaution on numerous occasions and we try to warn folks to keep the change within the same line of work, or delay the change

Posted by Sandy Padula and Norm Padula, JD, GRI, Presence, Persistence & Perseverance (Realty National) about 1 year ago

Hi Joe - it shouldn't be a problem and Joe is probably on the long end of a Millennial job stay.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) about 1 year ago

I have had people change jobs just before an application where it was a simalar job and MORE money.  We had no issue with that,

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) about 1 year ago

I wish we could keep people from making mistakes but it has been my experience that no matter how much time you spend with them they still do. It comes with the territory.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) about 1 year ago

This is great information. Even as an Agent, I think I do a thorough explanation on this topic to my clients. Only once did it happen to me and the discovery occured during the closing. On the morning of closing, the buyer's wife told the Escrow Officer she quit her job. The Officer got on the phone with the Lender and the Lender did not approve the loan. This happened long before Dodd Frank got tough, but it happened. 

Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) about 1 year ago