Many lenders look for at least a 2-year history of employment with the same company, or at least two years in the same field of work.

A stable employment history can be a large determining factor for your loan. In addition to job history, lenders want to be able to verify your income. Income is verified by providing W-2 statements and/or tax returns for the past 2 years.

The amount of your mortgage payments and total debt payments as compared to your income, "debt-to-income ratios", not only impact your ability to secure a loan, but can also impact your loan cost. The higher your debt-to-income ratio, the higher the lenders risk, therefore the higher the interest rate and fees will be.

If you are thinking about taking out a mortgage loan, you may want to wait until you have two years at your present employer, or wait for that upcoming raise early next year.