I applied for a mortgage with my partner and we were pre-approved for 250k with 20k to put down. We found a house well below that limit and everything seems ready to go. We have no debts other than a vehicle for each of us, no credit card debt or anything.
My only concern is that we are 21 and 22. We make good money for our ages, but our employment history is short and a little jumpy, only because we are currently climbing up and advancing through our fields.
My boyfriend has worked with his company for 2 years and just started a new job recently. The company he has been with is seasonal work, so he is technically still employed there, but will likely be taking this new job full time.
I worked somewhere from November 2017 to about January 2019. From January 2019 to March 2019, I was training at a new job, but then experienced the death of my then partner. I took some time off and returned in April 2019 to the other job I had had before just because training for a new position was not something I felt I could mentally handle.
From there I worked until September 2020, and changed fields into something I LOVE and is a pay increase. I worked at one place from September 2020 to February 2021, and this is where I have a 3-4 month break due to mental health as I had simply just not addressed anything or taken care of myself. In this time my finances were still in order and my bills remained paid. In May of 2021 I started at a new place in the same field as the previous employer and am very happy. It has been about 5 months, and it was also a pay increase from both of the previous jobs.
I’m just wondering if after all this, our mortgage approval chances are shot because of a questionable employment history, or if I’m anxious for nothing.