Your Employment History


Your employment history and your income are the keys to determining your "capacity" to repay your mortgage. That is why it's vital that we document your employment history and income for the last two years.

A full two year history of employment indicates stability and the ability to master a job. Unless you have been employed for two years with the same employer, I may need additional documentation if you've had any of the following situations in the last two years:

2 or more job changes

Your employment history is verified with:

A verification of employment form sent by us to your employer(s)

Your last 2 years W_2's and (possibly) 2 years federal tax returns

Your most current pay stubs covering the past 30 days

The verification of employment form asks your employer to verify the probability of your continued employment, how long you've been on the job, this year's year-to-date earnings, last year's earnings, etc. The verification of employment form is checked against the other documentation you've provided.

Please note that if you are self-employed you will either need to provide two years of 1040 tax returns and a signed 4506 tax form, allow the lender to verify your income directly with the IRS.