will changing jobs affect mortgage application

will changing jobs affect mortgage application

Will Changing Jobs Affect Mortgages

When applying for a mortgage, lenders look at several different factors when determining whether or not to grant you a loan. One of these factors is your job history and current employment status. Changing jobs right before or during the mortgage application process can affect the outcome and the amount of loan you’re eligible for.

Employment Stability

Lenders want to make sure that you’re going to be able to make all of your loan payments on time and in full. Having a steady work history reflects positively on your ability to do so. Therefore, switching jobs right before you apply for a mortgage could make lenders less likely to take a chance on you.

Credit History

Mortgage lenders may be more likely to approve you for a loan if you have an established credit history. If you’ve only recently changed jobs, you may not have the same credit history as someone who has been with the same employer for many years.


When you apply for a mortgage, lenders will look at your income. If you’ve changed jobs recently, your income may be lower or higher than it was at your old job. This can affect how much of a loan you’re eligible for.

What You Can Do

If you’re applying for a mortgage and you’ve recently changed jobs, there are some steps you can take to increase your chances of getting approved:

  • Show proof of job stability: If you’ve changed jobs recently, make sure to provide proof that your new job is stable. Lenders want to know that you will be able to continue making payments in the future.
  • Explain why there was a change: If you left your old job for a better opportunity, be sure to explain this to your lender. They may be more likely to approve your application if they understand why you left your previous job.
  • Create a strong credit history: Have you had any credit accounts in your name for a few years? If so, make sure these are in good standing. This will help to show lenders that you are responsible with credit and able to make timely payments.

Ultimately, changing jobs can affect your mortgage application. But if you’re able to provide proof of your stability, and have a strong credit history, you may still be approved.


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