Get Home Loans Even If You Are Pregnant or About to Return from Maternity Leave

Having a child is probably life’s biggest blessing. For a lot of people who are blessed to have a kid, this could be the best experience of their lives. However, for some people, especially working moms, getting pregnant would mean taking some time off from work to give birth and take care of the kid.

And some women won’t be able to help but think of this without worrying about how their salaries are going to be affected.

There are some pregnant women whose plan to acquire a home for their families were thwarted simply because they can’t get approved for loans due to their condition. Those who are about to return from maternity leave would also have to worry about not getting their mortgage application approved.

There have been cases where pregnant women’s mortgage applications were rejected by lenders simply because they are worried that these women would not be able to pay for the loans.

This is not good and could even be called a little discriminating, but some lenders still practice this. If you are currently pregnant or about to return from maternity leave, then you should know what your rights are when it comes to trying to get home loans.

·         Your mortgage application should never be denied based solely on your pregnant status. The U.S. Department of Housing and Urban Development has said that.

·         If your husband is also working, then there should not be a problem because banks can ask you to buy a house where the mortgage is paid from the other salary.

·         The bank can verify your financial status before the loan closes. It can call your employer to check your employment status.

·         Submitting a letter from your doctor and employer that indicates the return date for work should be enough to help get your loan approved.

What does all this mean?

It means pregnant women and those who have just given birth must not be denied from getting a mortgage simply because of their situation.

There are different loan types that can even help make the process easier and more convenient for these people. Loans like a graduated home loan, which is designed to help people who are just entering the workforce, are going to make it possible for individuals who still do not have the financial capability to pay off a house to slowly buy a house that they can call their own.

Pregnant women and those who are about to return from maternity leave can enjoy similar benefits.

You can talk to any lender who specialize in these types of loans and get help. You will be able to start working on getting your home ready so you can prepare to build a family.

You just need to prove to lenders that you are returning to the same job and offer documents as proof, like birth certificate. In case you are still on maternity leave, you can acquire a letter from your employer stating the date of your return to work. That should do the trick.

If you want to increase your chances of getting your mortgage loan approved, then you should look for a mortgage broker. A broker can connect you with the right lender and even help you make the necessary arrangements to ensure your application gets approved as quickly and conveniently as possible.