While it’s true that most lenders are reluctant to lend to people who’ve been working for less than 6 months, not all lenders have this policy. One of our lenders even allows you to borrow up to 95% of the value of the property even if you’ve just started a new job.
To qualify for a new job home loan:
- You need to show prior employment stability.
- You’re borrowing up to 90% of the value of the property, you can borrow up to 95% if you’re in a strong financial position.
- You have a minimum of 5% in genuine savings.
Cheers,