Qualifying for a Freddie Mac Conventional Loan with Less Than Two Years of Employment History

I’ve been out of work for a few years due to personal reasons. Can I still qualify for a Freddie Mac Conventional Loan?

As a mortgage broker, I understand that qualifying for a home loan can be a daunting process, especially if you’ve been out of work for a period of extended absence. However, if you’re considering a Freddie Mac Conventional Loan, there may be some good news for you.

According to Freddie Mac Conventional Loan guidelines, in some cases, less than a two-year history of primary employment may be acceptable. This means that even if you’ve been out of work for a few years due to personal reasons, you may still be able to qualify for a loan.

To do so, you will need to provide documentation that supports a stable employment history that directly preceded your extended absence. This documentation could include things like tax returns or pay stubs from your previous job, as well as any other relevant documentation that shows your employment history.

As a mortgage broker, I can guide you through the process of applying for a Freddie Mac Conventional Loan and help you understand the requirements for eligibility. I can also work with you to gather and organize the necessary documentation to support your application. Additionally, I can help you understand other factors that may impact your eligibility, such as your credit score and debt-to-income ratio.

Working with a mortgage broker has many benefits, including access to a wide range of lenders and loan products, as well as personalized service and support throughout the loan application process. As your broker, I can help you find the right loan for your needs and work with you to ensure that you have the best possible chance of qualifying for a loan.

If you’re considering a Freddie Mac Conventional Loan and have been out of work for a period of extended absence, don’t let that discourage you from pursuing your dream of homeownership. Contact me today to learn more about how I can help you navigate the loan application process and support you every step of the way.

And remember, whether you’re a first-time homebuyer or a seasoned homeowner, working with a mortgage broker can help make the home loan process smoother and more manageable. So, don’t hesitate to reach out and get started on the path to owning your own home today!