Original article updated 2026-07-30. Retained for reference. Confirm current requirements with an appropriate provider or administering agency.
Direct answer
Changing jobs does not automatically cancel a mortgage application. A move to stable salaried work in the same field may be acceptable, but a gap in employment or a switch to commission, bonus, contract, temporary, or self-employed income can change how much income the lender can use.
Why timing and pay structure matter
Lenders verify employment and income during underwriting and may check again shortly before closing. A new offer letter, start date, first pay stub, or additional history may be required. Changes in employer, occupation, hours, base pay, overtime, bonus eligibility, probation status, or location can trigger updated underwriting. If usable income falls, the loan amount or approval may change.
What to do before accepting a new role
Tell the loan officer before resigning or signing a new compensation arrangement. Provide the offer letter and explain any gap, pay change, or industry transition. Avoid assuming that a higher annual figure will automatically qualify if more of it is variable. Keep the mortgage preapproval updated, review the full mortgage process, and check whether a revised Loan Estimate is needed after material changes.
Frequently asked questions
Can I start a new job before closing?
Possibly, but the lender may require proof that employment has started and income is likely to continue. Confirm the documentation and timing first.
What if I am laid off during underwriting?
Tell the lender immediately. Approval generally cannot rely on income that is no longer expected, but another documented income source or revised structure may help.