First time home buyers w/o 2 year work history – Mortgagefit – Hello, I have been self employed for almost a year now, and I am trying to finance a mortgage of only $120K. I have $15K to put down. I was told I had to have 2 years of self-employment history (AFTER being pre-approved they realized that), which I don’t. I told them I have my father who is willing to be a co-signor, who has a credit score of 786.

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How to Explain a Gap in Employment on a Mortgage Application. – A gap in employment can be a tough thing to explain, especially on a mortgage application. If you’re going to depend on a lender to help you buy a home, your employment history is one of the most.

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How will my employment gap be viewed by lenders? – Quora – How will my employment gap be viewed by lenders?. They will definitely want to see a letter of explanation.. Is employed in the current job for six months or longer and can document a two year work history prior to an absence from employment using either traditional employment verifications and/or copies of IRS Form W-2s or pay stubs.