If you're thinking about buying your first house, you've probably heard a lot about how tough it can be to get a mortgage.

The truth is, a mortgage is within reach for most first-time buyers who have steady employment, no bankruptcies, and a reasonable debt load.

But ... even under the best circumstances, the process involves a lot of documentation. Proof of income is one of the most important parts of that equation. It's common to be asked for two years of pay stubs as part of your mortgage application.

If you just changed jobs or have an unconventional work history, it can be harder to dredge that information up. Luckily, it's usually not impossible – it just takes a few extra steps. 

Common Situations When You're Buying with a New Job

Even if you're at the start of your career or you've been out of the workforce for a while, you might still be able to get the favorable mortgage package you want. Let's look at some of the hurdles that first-time buyers can encounter and how to get around them.

• "I recently changed jobs and need pay stubs from a former employer."
  At any established business, there's somebody who can handle this for you. The information is tied up in payroll, of course, but a request usually has to go through HR. Give the company a call and explain the situation. You might need to submit a formal, written request for a letter that will lay out your dates of employment and the pay you received during that time.
  
  
• "My old employer doesn't have my pay information or won't give it to me."
  If you've worked for a small business, it might be hard for anyone to put their hands on old payroll information. Many lenders are flexible about the kind of documentation they'll accept, as long as it's easy to understand and comes from a credible source. You may be able to submit check images that you obtain from your bank, for example, or tax documents showing your total gross and net income.
  
  
• "I'm a recent grad or recently left my old job, but I have a great job offer!"Congratulations! Even if you're technically between jobs right now, a letter that confirms a job offer can be a huge help. These days, most companies won't issue a formal offer of employment until they're absolutely sure. Your application might get a little more scrutiny in a situation like this, but if your credit is strong and there are no red flags, it may not make much of a difference.

Not Sure You Can Qualify? Don't Forget About Federal Programs

When people talk about federal mortgage programs, it doesn't mean that the government gives you money to buy a house. In most cases, the government comes up with guidelines that lenders are required to follow – then, it insures your loan to reduce the risk to the lender.

Some programs backed by the federal government, such as the FHA home loan and VA home loan, are well known for being more flexible on certain provisions. You should compare lenders closely and try to work with one who has plenty of experience in the type of loan you want.

Make the Whole Process Easier with Expert Real Estate Help

When it's time to buy your first home, never go it alone. Wright-Patt Realty has helped people all throughout the Fairborn, Ohio real estate area. Our REALTORS® have what it takes to get you into your Ohio dream home.