Having hard time getting mortgage home loan as a trucker.

I've been in my home 19 yrs, refi'd 4 times, never had a problem, I give them what they ask for. One issue the OP might be having, it's a USDA loan, some of those loans require a lot more info. I would try and find a different bank that does USDA stuff also. Try Rocket Mortgage/Quicken Loans, they do them also.

 

USDA is the absolute worse when it comes to paper delays. The word incompetence comes to mind.

But they offer some sweet deals if you’re in the club. If you have to ask, you’re not in it.

 

Going through this right now. Even with a VA loan they want 2 years of work history as a truck driver. If I was getting paid hourly, I'd qualify. And USAA is even more egregious. You have to be in the same profession for 2 years.

 

I was in the mortgage industry for about 10 years and had my own mortgage company for about 7 of those years. You're right, most lenders want you to have a two-year employment history. They normally want you to have been at the same job for two years or, if you changed jobs, they like it to be that you are still in the same line of work.

One company I would recommend is www.naca.com. I bought a house 2 years ago and got a loan program and rate that I wouldn't have been able to get for my mom, even when I had my own company. They gave me a 30-year fixed rate, for 100% of the purchase price on one loan (not a first and second mortgage combo), with no PMI. That was almost unheard of in the mortgage industry, or at least it was when I was in the business. They also don't look at your credit score. They look more at your overall situation. I'm not sure if you can get around the job situation with them, but it's worth a try. If you have been driving a truck for the last two years, they might be able to underwrite the loan as though you are self-employed. To get an approval for a self-employed borrower, most lenders will want to look at your last two years' tax returns and your last couple of months' pay stubs.

Good luck!

 

Rentown website is not longer good and hasn't been for awhile.
Some scammers hijacked it and now just trying to get personal information.

 

I just did another refi with Rocket/Quicken, in June. dropped 1.5 pts!!

 

I went through my credit union.

 

I'm a rookie driver in early stages of planning. I thought with a certificate of eligibility the VA would make it easier. But then I had to remind myself, it's the VA.

One veteran agency told me that the 08 housing crisis was partially responsible. Said that the subsequent legislation altered how non hourly salaried workers could purchase homes. Also said each bank or lender has some type of loophole to get around that. Guess it's just a matter of finding which hole the jump through.