Post by rebeccakruppa on May 11, 2016 17:38:15 GMT
On the following FHA guideline:
If the applicant has not been employed with the same employer for the previous two years and/or not all conditions immediately above can be met, then the Mortgagee must obtain one or a combination of the following for the most recent two years to verify the applicant’s employment history:
W-2(s)
VOE(s)
electronic verification acceptable to FHA
evidence supporting enrollment in school or the military during the most recent two full years
I take the last point to indicate that if a person has been in college, for instance, and now graduated - with a new job in their field, that their college enrollment could count towards a 2 year work history? How long out of college would they have to be at their job?
If the applicant has not been employed with the same employer for the previous two years and/or not all conditions immediately above can be met, then the Mortgagee must obtain one or a combination of the following for the most recent two years to verify the applicant’s employment history:
W-2(s)
VOE(s)
electronic verification acceptable to FHA
evidence supporting enrollment in school or the military during the most recent two full years
I take the last point to indicate that if a person has been in college, for instance, and now graduated - with a new job in their field, that their college enrollment could count towards a 2 year work history? How long out of college would they have to be at their job?