10-04-2012 01:27 PM
So I have some sad news. I found out recently that my last day of work is friday. However I will be getting paid through until next thursday. We were supposed to close on our USDA guaranteed loan last wednesday and we are still yet to hear anything. I did get very lucky and already have a new job lined up I will start next friday with an increase in pay. We have notified our LO and we are just waiting to hear back to see what we need to do next if theres anything we can do. I am just so worried we are going to lose the house now and I am so heartbroken. I am just wondering if anyone has been through the same thing or something similar?
10-04-2012 01:42 PM
Is this a good thing? I am completely mortified because I feel like losing my job is going to affect us getting the house? The new job is at a completely different location unrelated to my current job. I have read that they will probably need 30 days worth of paystubs? I just feel like we have already been waiting so long already and so ready to have our house! But if we have to wait another 30 days or so then so be it
10-04-2012 01:53 PM
I don't think you should be embarrassed for losing your job. It is happening to a lot of people right now. I do think they will require 30 days worth of pay stubs from your new job though. And I'm sure they would like the increase in income. Good luck, hang in there.
10-04-2012 04:11 PM
I am sending out positive vibes and praying that your story will have a happy ending. Please give a update on how things go.
10-09-2012 06:21 AM
Hi again page41989!
Sit tight and do not stress too much over it. At least you were very lucky enough to land another right away!! That is a blessing in disguise!
Wait until your LO contacts you back. They may be trying to so what they can do, but I doubt you would have issues since this was something beyond your control. My husband is dying to find another job, but we were told to sit tight becuase if he quits after landing a new job, they may put off our closing until he is done with his probation period (which usually is 90 days).
So maybe you will NOT lose the home, but possibly may have to wait it out until you pass your probation period. We are also going for a USDA loan so I think this is a USDA requirement, not sure though as we never asked.
GOOD LUCK IT WILL HAPPEN!!!!
Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.