Mortgage Based On Employment Contract or Offer Letter?

Many folks moving for a new job want to get a mortgage to purchase a new home before they start their new job. The question is, can you qualify based on the terms of this new job as stated on the employment contract or offer letter? The short answer is 'yes', but there are many rules and restrictions involved. In this video, I walk through guidelines for one of the conventional mortgage agencies, Fannie Mae. It turns out, Fannie Mae, Freddie Mac, FHA, VA and USDA all have their official loan guidelines available for free online. You don't need a special account to access this information. I show you how to navigate these guidelines as we go through this particular question based on approval in the case of future employment.

0:00 Main Question
0:57 Navigating Fannie Mae Guidelines
3:14 Fannie Rules for Employment Offers/Contracts
13:35 Summary

Mark Anderson, NMLS# 374393. Vice President/Mortgage Banker at Paramount Bank, NMLS# 551907. Equal Housing Lender. FDIC Insured. Paramount Bank is able to lend in all 50 states. Call or text me 24/7 to apply 314-599-0511 (that's my actual cell phone, not some sort of 'lead capture' bot.) Email me at: [email protected]. Please comment with your questions on the video - I aim to reply to all comments with answers.

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622 Emerson Rd., Ste 325
St. Louis, MO 63141
800-735-5957

The lowest rate for your mortgage varies based on a lot of factors: credit score, loan amount, appraised value, down payment, property type (single family residence, condo, multi-family), income, etc. In addition to offering rates I believe you will find to be very competitive, I also help folks to optimize the various factors involved to obtain the best rate possible.

*I chose the domain, BESTMORTGAGEANSWERS.COM, to differentiate myself from the average mortgage loan officer by emphasizing the value I bring to my clients as an educator and consultant, not as a salesperson.

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https://youtu.be/T3i3JDk_mbE​​

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https://youtu.be/SE68DnCD3oA​​

About Me: I have worked as a mortgage loan officer since 2005 and have closed nearly $500 million in loan volume, all across the country. With my zero-pressure, consultative approach, I'm a great fit for first time home buyers, but also for anyone that is looking for high quality, transparent mortgage information. Paramount Bank is licensed to lend in all 50 states. I'd love to hear from you, whether you are looking to purchase a home or refinance. I live in St. Louis, Missouri, with my wife Rachel, along with our 3 cats and 13 chickens.

About Paramount Bank: We are a mortgage-focused bank and direct lender, with access to nearly every mortgage program in the universe: Conventional, FHA, VA, Jumbo, Construction, Renovation, Bridge Loans and specialty programs for self-employed borrowers.

If you are reading this far down, I'd like to thank you by inviting you to TEXT me 'JOIN' to 314-599-0511. I'm experimenting with a new platform that will allow me to deliver a select number of people CUSTOM daily OR weekly rate updates for your unique scenario.