cancel
Showing results for 
Search instead for 
Did you mean: 

Question regarding pay raises

tag
jnc
Contributor

Question regarding pay raises

Does a certain amount of time need to pass after a pay raise before it is considered in qualifying for a mortgage?

 

 

 

Thanks,

C

J & C
Message 1 of 3
2 REPLIES 2
edcampbell613
Contributor

Re: Question regarding pay raises

Sort of,

 

They usually want to see at least 1-2 pay stubs reflecting the new income or sometimes they can do a VOE (verification of employment) 

Message 2 of 3
jnc
Contributor

Re: Question regarding pay raises

Thanks.  My husband has a couple of potential raises he can earn before we are ready to buy. I just wanted to see if I should be hurrying him Smiley Wink

J & C
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.