Posted on: 27th Jan, 2011 11:49 pm
Wife is currently on maternity leave. How can we still qualify for a loan if she is currently on disability pay (her job is guaranteed and will return to work in 3 months)? will parents co-signing help with the amount we can qualify for?
You can apply for the loan and process the loan and be ready to close.
Most lenders require that she receive first pay check after back on the job as a way of confirming that she is, in fact, going back to work.
Most lenders require that she receive first pay check after back on the job as a way of confirming that she is, in fact, going back to work.