Mortgage without permament job?

I have a permenent job on 37k and my partner has a job where his funding is renewed every 3 years on 28k but can't be guaranteed more than 3 years at a time, will this stop us from getting a mortgage if we have a 10% deposit?|||It shouldn't have any effect, no employers ever guarantee anyones job 3 years out.|||The (modest) deposit will be more of an issue than 3-year contracts, unless his contract is just about to end...|||Probably not. You don't have to tell the mortgage lender her job is only for 3 year terms. The lender will examine your previous years' income and confirm that you are both employed.|||NO, it won't disqualify you. There's NO guaranteed employment for most jobs, and he at least has a 3 year contract. I wouldn't mention it unless asked--don't Lie, but don't volunteer information not asked for.


If you have 20% down payment, you'd be better positioned for loan approval, plus avoid extra costs of PMI. The less you pay down, the more you pay over the life of the loan, in interest.|||I agree with everyone here. Even for a self-employed person, 3 years income history is sufficient to obtain lending.|||This actually needs to be addressed, especially if the job is listed as "temporary". When the lender orders the VOE (verification of employment) if it comes back saying it's a temporary position, they will require 3 years of future income to approve it. It sounds like with a 3 year contract you have this, but you need to address it now because it can kill funding at the last minute when the VOE comes back.|||Never know unless you try.