Please see below regarding employment job gaps & stability requirements.
FHA: Borrower needs to be employed for at least 6 months in the same line of work prior to case number assignment.
Conventional: Guidelines to not require a specific timeframe however stability must be established. If the borrower is currently paid variable (fluctuating hours) income, evidence that he has continuously earned variable income with previous employers for a period of no less than 12 months must be provided.
The income trend must support an increasing or stable trend to justify the frequent employment changes.
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