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College Transcripts for Employment History

Borrowers with less than
two year employment history

Did you know that Borrowers without a full two-year employment history may be able to provide college transcripts as an acceptable employment history for a Conventional loan?

For borrowers who do not have a full two-year history of employment, an explanation, along with documentation (when available), should be provided to assist the underwriter in determining that the borrower has an acceptable employment history. 

The most common example of this scenario would be a borrower who is recently out of college. In these circumstances, copies of the borrowers school transcripts and diploma should be included in the loan file.   

Questions regarding whether or not an applicant’s employment history is acceptable can be directed to This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.

Note: The underwriter will make the final determination regarding the acceptability of the borrower's employment history. 

See Fairway guidelines for more information.