Some quick stats about me.
- Received a pre-approval for $280,000
- Credit Score: 808
- Current Salary: $63,500
- Job: Junior Software Engineer
My main concern here is regarding the eventual income verification step of the final loan approval process.
I am very new in my career field and have worked as a Software Engineer for less than a year (9 months). Prior to that I have worked very low paying retail jobs while learning to code.
So my wages for the last two years were:
- 2017: $22,360
- 2016: $30,500
So despite my current pay stubs reflecting my current salary of $63,500, will the last two years W-2s impact my chance at getting a loan approved?