Will it hurt my chances of being approved for a home loan if I change jobs (even though it'd be a $6,000 raise)?

damn, it really depends on the underwriter. ive never seen and underwriter “stip” because of it, but the process is almost over now and you could’ve stated the income just to be safe, but im sure you’ll be okay, aslong as you can prove the income you’ll be making maybe with a offer letter from your employer, but ou’ll know soon

Yeah, either way. I will know soon. I did check with the loan company and they did not seem concerned. It seemed foolish to refuse a job where I would make more not less. Thanks!

I don’t think you’ll have any problems. Housing market is still down and people are lucky just to be able to sell.

While job stability is important, genuine upward mobility in your career and income is an asset as well.

Being with a company for less than 6mo will work against you, as it makes your employment look less stable. Getting the raise will increase your chances, for obvious reasons. Neither of these are the biggest factor that the underwriters are considering. It sounds like a wash.

There are a few reasons it could matter. You didn’t provide enough info to tell for sure.

As long as you are a salaried/hourly employee and going to be performing the same line of work/job title or a promotion within that same line of work, you shouldn’t have any trouble. If a change occurs, it would be best to let your loan officer know when it will happen as most lenders will call your employer within days of closing to make sure you’re still employed. So keep them in the loop.

Things that would be a concern:

1. Changing careers
2. Changing jobs if you’re starting your own business
3. Changing jobs if the income used in qualifying is dependent on bonuses/commissions or overtime.

If the new job is related in any way to what you were doing before then you should be fine, it looks well to move upwards but still show some consistency. Now, if you took on a commissioned job it might be iffy and invite stips even if it pays more. Depends on what you were and will soon be doing. The bank and title company have already processed you using the old info, seems like. You should be fine. How exciting to buy a home in New Orleans, to put some focus and love into a hurt area.