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How to Get an Approved Mortgage Even Without a Full-Time Job

Applying for a mortgage is a long and tedious process, which requires the submission of a handful of financial documents to prove your capacity to pay the loan. While having good credit scores is one of the requirements to getting an approved mortgage, having a full-time job also provides security for the lenders. Can you still get an approved mortgage if you do not have a full-time job?

The answer is yes; you can still get an approved mortgage if you do not have a full-time job. However, the already long and tedious process of submitting documents will take longer and will require additional documents to prove your capacity to pay the monthly mortgage payments.

Since a full-time job acts as a reassurance on the part of the lenders that you have a steady source of income, many lenders are wary of approving mortgage applicants who do not have a full-time job. According to Realtor.com, those who are freelancers, Uber drivers or contract workers can still get an approved mortgage with the submission of additional documents.

For instance, one can submit a proof that you were able to pay your monthly rents in full and on time. You can ask your landlord to write a letter, confirming that you have had a stellar track record as a renter.

Aside from this, you may also show other proofs of your financial capabilities such as your credit card bills or student loan payments. You may also need to show that you have savings in your account.

If, however, you do not have the aforementioned requirements, you can still get an approved mortgage through a co-signer. As previously reported here on Realty Today, a co-signer can be a parent, family member or a friend with good credit, who is willing to act as a guarantor for the lender in case you default on your monthly mortgage payments.


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