Tuesday, May 23, 2017

Work hours getting cut from 40 hours to 24-32 hours. Will this affect my close?

I have been working full-time for the past two years but my current construction project is winding down and they only need me every other day. My co borrower makes 50000 and I make on average 75000 per year. Our mortgage is 209000. Conventional loan with 5 down. Credit score around 750. Net worth is in the positive. The slow down at work is only temporary as our next project is on the horizon. Will the underwriter flag this? The slow down will be only temporary but it's gonna happen for the next couple weeks and I close in a couple weeks? Bad timing I guess

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