Can I Get A Mortgage with An Employment Gap?

Can I Get A Mortgage with An Employment Gap

In this article, we’ll discuss the important topic of: “Can I Get A Mortgage with An Employment Gap?”

Qualifying for a mortgage isn’t a huge deal in many cases, but maybe a little too stressful where the borrower’s heavy questioning is concerned. It’s a sensitive subject for most of us that lost jobs in the past few months or even longer than a year. The reason for job loss could be recession or an unsatisfactory work environment. Nobody wants to work in an unfriendly environment; it might squeeze all your productivity, but does your lender care? And why should he, he hasn’t known you or your potential to work; he just wants to make sure his money is being invested in the right place. 

Can I Get A Mortgage with An Employment Gap?

An employment gap, however small or big, is of great importance to your lender. You are just another person for him; there’s no other criterion than ongoing employment to make him understand you are really worth giving money. 

If your employment gap has been for over a year and a half in your work history, it makes you answerable to your lender. The unemployment gap will affect your case a little but doesn’t defeat all chances of getting a mortgage. 

The longer the gap, the harder it will be to explain. If your gap has been shorter than six months, the chances are that it wouldn’t take long for approval on your mortgage. All in all, it is a mandate for you as a borrower to have uninterrupted employment to show on papers. Your lender just wants to ensure that it’s a safe investment with low calculated risk. 

Your continuous employment will ensure you receive timely mortgage approval. Lenders may ask you for some documentation work, which may be different for different lenders. Let’s look at a few essential factors that have a role in the process. 

What Do the Lenders Ask?

One has to be really attentive to this bit of questioning by the lender. He will ask a few essential yet necessary things that you will be needed to answer honestly. 

  • They will ask you for documentation of income and work history. 
  • They will ask you for bank statements and tax records. 
  • Checking if there’s a steady income.

How Do You Explain Job Gaps?

When explaining gaps to your lenders, just ensure every piece of information you give is authentic. Your potential explanations for the job gap should be

  • Stopped working because there was a family to raise 
  • Took time off between transitioning from one job to another 
  • Went to school to learn a new skill or a master’s degree 

Seasonal Gaps

It’s common to have seasonal gaps in your portfolio. A few industries offer seasonal positions such as agriculture, construction, and lawn care, and it is not even considered a huge deal.

  • You may be asked to show proof of your income. 
  • If you were working in construction or agriculture, your gap is negotiable with the lender.
  • You have to be honest with your lender and reveal all gap-related information right. 

Continued Employment

If there’s a possibility of continued employment in any borrower, it is a point of concern for lenders. 

  • The lender might request you to provide written verification of employment. 
  • How long you have spent with the previous organization will be considered too. 
  • Approaching a licensed loan officer will help with the pre-approval of your case. 


If the gap has been longer than ten years and recently just started working, they would be put under conventional loans. FHA and VA won’t allow for such a situation. Conventional loans are: 

  • Flexible because they are going to consider everyone’s situation case by case 
  • Your credit score has to be decent for you to apply for conventional loans. 


Will seasonal gaps be hard to explain?

These gaps won’t be hard to explain if you’re able to present honestly to your lender and reason your time out from work, well. How much confidence you are speaking with the lender really matters as it decides how strong your case is. 

What is the kind of documentation your lender might ask of you?

Lenders might ask you for specific documentation that mostly includes tax records, bank statements, and your past income history. These might give them an idea of your entire professional history. 


Can I get a mortgage with an employment gap? Getting a mortgage loan isn’t so much of a task. Suppose you’re able to present your case confidently to the concerned party and let them know the real facts. Telling the truth will strengthen your case and speed up mortgage approval. 

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