Getting approved for a home loan working home health

Specialties Home Health

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Hello everyone, had a question Im wanting to work home health soon full time, Im in the beginning stages of divorce and wanting to move away from husband and move like an hour away. So I decided on home health so I can work while my kids are in school and wont really have to rely on a babysitter. Anyway any home health nurses out there who got approved for home loan with just home health income?

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I got approved for a home loan with just CNA income one time but I had a substantial down payment, and I mean substantial, way over 20%. I would make certain that your employer has you on a case(s) for 40 hours a week when the loan documents are verified. Warn them ahead of time. Or get a salaried position.

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Specializes in COS-C, Risk Management.

Time on the job generally matters more to a lender than what area of health care you work in. If you're just going through a divorce and accustomed to budgeting two incomes, you might consider renting until you've got a handle on the single parent thing. You also stand a better chance getting approved if you have a large down payment and/or a co-signer. Navigating life post-divorce is tough. Good luck to you.

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Specializes in Alzheimers, Muscular dystrophy.

Make sure your credit cards are paid down to at least 40% of the available balance. Try to get a USDA loan. The USDA loan (also known as a 502) has your down payment rolled into the loan, that means no money out of your pocket for the down payment. Any loan you apply for they are going to want at least 1 yr in the same field of work and around 4 yrs of work history. They will consider alimony and child support as income if it will last more than 2 yrs (I think it was 2 yrs). Good Luck!

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