How long do I need to be in a job to get a home loan?

You have been working hard and have been offered to work at a rival firm.

Should you accept the job offer if you are trying to get a home loan?

The answer depends on whether you need a low deposit home loan or not, and a bunch of other factors because the banks are complicated these days.

But generally speaking, there are competitive home loan solutions if there’s less than a month’s gap between the two jobs, and the new job is reasonably similar to your old job.

If your new job is casual or contract however, you may need to wait 6-12 months before you can get reasonably competitive home loan offers.

Did you start a new job recently and would you like to know your options? Chat with us, we don’t bite and we don’t charge a fee.