They only need to look at your rental history and all the other stuff he is worried about if your credit score is below the 640 mark. This is what the guy at USDA told me. I think if I was you I might be calling around to speak with a few more LO. Just my .02.
I am not sure on the employment, but is is somewhat the same field? Maybe get the loan through the bank you work at. It seems they might understand why you switched? Not sure on that one.
I have a similar situation, my score was at a 638 and lender said i can still get through underwriting but would need rent verification, however now my score up to 641 and still asking for rental verification,Im suppose to close in 25days and my file has not even been sent to usda yet.
Jm-am, we have been renting a condo for seven months at 900 per month. Before that I lived with my inlaws to help them financially and so I could pay down cc and get selections on collections. My new payment will be 1230 per month. I have not been asked for verification. However, if I am do you think this could be an issue ?
I guess that it may depend on the type of loan you're getting. I have a USDA loan and there is a "payment shock" thing that the USDA uses in determining if they should the loan. With USDA payment shock comes into play when your principle, interest, taxes and insurance is more than 100% of what you're currently paying for rent. At first I thought it strange that my lender verified my rent with my apartment complex. But after reading up on USDA's payment shock thing I understood. The payment comparison appeared on the first page of my GFE and it listed the % difference.