If you are looking to buy a home after you just changed jobs there are many variables that will come into play as to whether you can qualify for a full income documentation loan. The first variable is whether the new job was a job in the same industry and in the same position. If you simply switched to a new company doing the same job you were doing before you should not have any trouble qualifying for a new mortgage loan and buying a new home even though you just switched your job. However, if you are completely switching from a steady job to newly becoming self-employed this will probably be an issue as most lenders require a 2 year history of being self-employed before they will approve them for a mortgage. Switching jobs to a new field, position or employer does not even necessarily mean that you will not be able to buy a home either but qualifying could end up a little tougher in this situation. Therefore, contact a mortgage broker or a mortgage professional to find out whether you will be able to qualify to buy a new home after changing jobs.

If you find yourself unable to qualify because of a job change you can always use a no doc loan program. A no doc loan program does not verify employment and income. However you will not be able to get 100% financing with a no doc loan, in most cases you will need 10% down payment.