Uploaded September 2026 | Updated September 2026, 3 hours ago
After a loan is clear to close, there is one last step: the verbal verification of employment. This week I made that call and found out my borrowers had changed jobs two weeks earlier without mentioning it.
They still qualified. But the timing of a job change is what decides whether your closing moves or not.
Full write-up with the Fannie Mae citations:
gibsonhomeloans.com/getting-a-mortgage-with-a-new-job
0:00 What a verbal verification of employment is
0:40 My borrowers changed jobs and did not tell me
1:29 Why the loan application at closing has to be right
1:47 Can you change jobs while getting approved?
2:02 Starting the new job AFTER closing is the easier path
2:17 Starting before closing means waiting on a full paystub
2:53 Bonus, commission and RSU income will not count
3:21 Less than full-time will sabotage the approval
Three things worth knowing:
- On an offer letter, your start date can fall up to 90 days after the note date (Fannie Mae B3-3.3-03)
- Start before closing and you wait for a full paystub, often 21 days or more
- On a brand new job you qualify on base pay only
Changing jobs while buying or refinancing? Call or text me and we will work out which path costs you the least.
Christopher Gibson, NMLS #1910430
Reverse Mortgages & Home Loans at C2 Financial Corporation, NMLS #135622
720-449-6622
Licensed in Washington, Colorado, Texas, Florida and Michigan
#mortgage #homebuying #firsttimehomebuyer #mortgagetips #jobchange
After a loan is clear to close, there is one last step: the verbal verification of employment. This week I made that call and found out my borrowers had changed jobs two weeks earlier without mentioning it.
They still qualified. But the timing of a job change is what decides whether your closing moves or not.
Full write-up with the Fannie Mae citations:
gibsonhomeloans.com/getting-a-mortgage-with-a-new-job
0:00 What a verbal verification of employment is
0:40 My borrowers changed jobs and did not tell me
1:29 Why the loan application at closing has to be right
1:47 Can you change jobs while getting approved?
2:02 Starting the new job AFTER closing is the easier path
2:17 Starting before closing means waiting on a full paystub
2:53 Bonus, commission and RSU income will not count
3:21 Less than full-time will sabotage the approval
Three things worth knowing:
- On an offer letter, your start date can fall up to 90 days after the note date (Fannie Mae B3-3.3-03)
- Start before closing and you wait for a full paystub, often 21 days or more
- On a brand new job you qualify on base pay only
Changing jobs while buying or refinancing? Call or text me and we will work out which path costs you the least.
Christopher Gibson, NMLS #1910430
Reverse Mortgages & Home Loans at C2 Financial Corporation, NMLS #135622
720-449-6622
Licensed in Washington, Colorado, Texas, Florida and Michigan
#mortgage #homebuying #firsttimehomebuyer #mortgagetips #jobchange
