December 5th, 2014
As we enter the holiday season, it's common for people to seek out seasonal employment and second jobs. According to Bloomberg News, "about 821,000 workers will be hired for retail seasonal jobs this year, up 11 percent from a year ago."
But what does seasonal employment mean for people who apply for a mortgage? To use seasonal or second job incomes when qualifying for a home loan, the lender will require the following documentation:
For more information about secondary/seasonal employment, please refer to Fannie Mae guide book.
As always, you can call me at 757-490-4726 or email email@example.com if you have any questions or concerns.