I’ve had steady work in my industry for years. I’m a chef. Job changes can be fairly frequent. For the past year I was at one place. This was the job I had when I first started the mortgage application.
Earlier this month I had to leave that job since I accepted an offer from another place. The job change had a promotion and was more than I was earning before. It’s in the same industry.
I was allowed to leave that job and literally start at this place the next day with planning and various duties. I was earning cash and have no problems paying taxes on it since I keep good records and I report that income. I’m young but I’m not a thief.
Well due to Covid and how the restaurant industry is, this place won’t open and the owner is possibly just going to give up due to food supply issues as well as state laws he’s struggling with.
Now I got a job while waiting for this guy to decide what to do. Same pay, same amount of hours, possibly more since it’s an established, popular place even in the winter. Still going to be head chef. So same industry, same high position.
Since this is an FHA loan in NY how will this change affect the mortgage process? I always have steady income and places fight for me since I have a unique skill set with certain foods that have been growing in popularity. But I’m worried.
I know only the mortgage guy can truly answer this but can someone please let me know in their experience if it will cause problems or if I’m okay.
My credit is 720 and DTI is 20%