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Can I get a mortgage with a job offer letter and no paystubs?
Can I get a mortgage with a job offer and no paystubs?
 
Yes.  Yes.  YES.
 
     I just received a call from a Realtor regarding a buyer I've pre-approved that submitted an offer on one of her listings.  First off, there was a bit of pleasant shock on the other end of the phone that I'm answering the phone on the Sunday evening of a holiday weekend, but after we got passed that, she posed the following:  "I'm not questioning your ability to get a loan done, but I just had a file fall through last month because the mortgage guy thought he could use a job offer letter and later found out he could not".
 
     In fact, with a job offer letter, a buyer CAN buy a house.  This is common with many professionals that require advanced schooling.  In my current example, my buyer just finished up his PhD program and will be relocating from the midwest to the east coast to start his new job.  With the logistics of moving his family being a little bit crazy, the route that's most convenient for them is to own their new home prior to making the move (and therefore, prior to him starting ... more

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