Originally Posted by MartyTHL

Every lender is going to be different and some are better than others with these situations.

The typical options we give guys who are separating and going to the airlines are:
1) Buy before you establish a separation date if possible
2) Buy after you separate once you start getting your airline training pay.

Option 1 is easy and there won't be any questions asked or larger down payment required because an officer has an indefinite DOS until your separation package is approved.

Option 2 is something we do all the time. It won't require a larger down payment assuming you're doing a VA. The break in employment isn't an issue because you've been in the same line of work (pilot) for more than 2 years regardless of who you fly for. Training pay is typically around $5K which usually allows us to qualify someone like you for around a $2.8K mortgage payment once you start training.

You run into a problem if you have a date of separation and haven't got a job offer from an airline yet or you separate prior to getting hired. We can even work it if you have a separation date approved as long as you have a verifiable job offer from an airline.

Getting a mortgage is like passing a flight physical. As long as the paperwork looks good during the 30-45 day closing window no one is going to care what you do after you close as long as you're making your payments.

Marty