Tag: Job Gap

Mortgage After Prison Time?

Question: Our client was incarcerated (felony charges) and has been out of prison & working for 1.5 years. I’m not seeing anything that would prevent this client from qualifying for a conventional mortgage. Does having a felony, employment gap due to incarceration, or restitution payments prevent a borrower from qualifying for a loan? MC Income […]

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Waiting Period After Workman’s Compensation

Question: My client has been on Workman’s Compensation for 18 months.  He just started back and wants to purchase a new home.  Is there a specific time period for being back to work? MC – Income Analyzer – Gaps in Employment Answer: There is no waiting required (unless he has changed his profession, then you’d […]

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