FHA Loans / FHA, VA & Conventional Related

Job Gaps: here's the scoop for FHA

January 22, 2011 at 5:22 pm By

A client emailed me today stating he went back to work July2010. Prior to that he had gone to taken a break from work to get back to school to acquie a special certification which advanced him in his career. He was fretting about how this would affect his qualifying. Here’s what i told him
FHA typically requires at least 6 months unbroken continuance at work AFTER a significant job gap. So he’s fine. Nonetheless , he’d have been ok regardless even after 30-days since (i) he has proof of special education/cert. relevant to his new job and (ii) a previous job history PRIOR to the break for education.

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