Income from a second job can be included for qualification if the job has been held for how long?

Including income from a second job for qualification purposes is contingent upon demonstrating consistent and stable work history. Typically, a minimum timeframe of 12 months is required to assure lenders of the reliability of that income. This duration provides evidence that the income is not just a temporary arrangement but rather a stable source that can be depended upon for repayment of a mortgage.

A 12-month employment history indicates a commitment to the job and a sustained income level, which is essential for assessing a borrower's ability to meet their financial obligations. Lenders want to ensure that this additional income is consistent and can be anticipated going forward, making it a crucial factor in the qualification process.