FMLA & Mortgage

[laxx]

I have excellent credit, was approved for home purchase yesterday.  I expect to return to work from FMLA September 1st.  I am able to use my sick days keeping my current salary from teaching yesterday was my last paycheck because I am a 10 month employee.

I have signed my letter of intent to return to the classroom in September.  My income to debt ratio is excellent and approved for a mortgage with some contingencies that the underwriter will determine.  My million dollar question, Can the conventional mortgage loan be denied based on FMLA leave that will end soon?  (Male)  Middle retail FICO score 791. 

Thank you

[ShanetheMortgageMan]

No, can't be denied because of that reason.  Well technically you can, but lenders have been fined over using that as a reason to deny, and it's been publicized, so it's very doubtful it'd be an issue.  Most of the time a letter from your employer stating that you are eligible to return to work at your current rate of pay does the trick.  Sometimes even that isn't needed though.

Congrats on your little one.