job

Will Arch allow the use of income for a recent graduate who just started a new salaried job?

Base wage income that has been received for less than two years may be considered acceptable, as long as the borrower’s employment profile demonstrates that there are positive factors to reasonably offset the shorter income history.  In the case of a recent graduate, a documented positive factor might include items such as a transcript or diploma which illustrates study in the same field.  If the new job is starting after the loan closes, additional requirements apply in accordance with Agency guidelines.