Home Loans For Union Workers
If the union places you from job to job, in the trades or on film and TV crews, your W-2s can come from many employers. At least one program we offer can use all of them, average your income, and verify your work through the union.
What the union path looks like
Each item below is a requirement or rule of Fannie Mae, FHA, or at least one program we offer.
- Your union helps place you in each new job, and you may switch employers often.
- Your application lists the union as your employer, not every job or contract.
- A verbal verification or a letter from the union confirms how long you have worked.
- All of your paystubs, or the final paystub from each job, are gathered to show your year-to-date total.
- You provide all of your W-2s for the prior years your automated findings call for, and W-2 transcripts are the most efficient way.
- Your income totals are averaged to set your qualifying income.
All your W-2s count
The union verifies your work
Between jobs at closing
Income is averaged
Union dues are not debt
FHA accepts union gifts
Can Union Workers With Many Employers Qualify?
Yes. At least one program we offer can treat your history as stable no matter how many employers you had, based on a review of your full work and income picture.
In some trades, the union places you in one short-term job after another. That can leave you with several paystubs and W-2s in a single year. At least one program we offer can use all of them to verify and calculate your stable monthly income. Your pay can mix base pay, variable hourly pay, and other employment income, as long as Fannie Mae or Freddie Mac rules for variable hourly pay are met.
On at least one program we offer, your application lists the union as your employer, and the union can confirm how long you have worked. That program even allows you to be between employers when you close. Fannie Mae also lets the lender get the verbal verification of employment from the union when you work short-term assignments, such as skilled construction, longshore, or stagehand work. See our verbal verification of employment page.
This path is for union members. If you work in film or TV and are not in a union, your file follows standard Fannie Mae or Freddie Mac rules and your automated findings, which means you need a current job. At least one program we offer does not accept union or entertainment income that takes multiple W-2s or 1099s to document.
Why choose Saxton for union worker home loans
This page is for union trades and union film and TV crew members whose W-2s come from many employers because the union places them.
Every W-2 Can Count
At least one program we offer can use all of your year-to-date paystubs and W-2s to verify and calculate your income, not just your latest job.
The Union Is Your Employer
On at least one program we offer, your application lists the union as the employer. You do not have to list each job or contract shown on your W-2s.
Many Employers Can Be Stable
At least one program we offer can treat your history as stable and consistent regardless of the number of employers. The call is made after a review of your full work and income picture.
Between Jobs At Closing Works
At least one program allows you to be between employers when your loan closes. If your history is stable and your multiple jobs are documented, the final check of your employment may come through the union.
FHA Skips Extra Job Analysis
FHA normally asks for more proof when you change employers more than three times in 12 months. That extra analysis is not required for union trades, and at least one VA program we offer follows the same rule.
Union Dues Are Not Debt
Fannie Mae and FHA do not count union dues as a debt when they figure your debt-to-income ratio.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about home loans for union workers.
Yes, on at least one program we offer. All of your year-to-date paystubs and W-2s can be used, and the income totals are averaged to set your qualifying income.
The union can. At least one program gets a verbal verification or letter from the union to confirm how long you have worked. Fannie Mae also allows the verbal verification to come from the union for short-term assignment work such as construction, longshore, and stagehand jobs.
Yes, on at least one program we offer. You may be between employers at closing when your work and income history is stable and your multiple jobs are documented.
Yes, if you are a union member. If you work in film or TV and are not in a union, your file follows standard Fannie Mae or Freddie Mac rules and your automated findings, so you need a current job.
Yes, on at least one program we offer. Your earnings can combine base pay, variable hourly pay and other employment income, as long as Fannie Mae or Freddie Mac rules for variable hourly pay are met.
On FHA loans, a gift can come from your employer or labor union. At least one VA program we offer also accepts gifts from a labor union.
No. At least one program we offer does not accept union or entertainment income that takes multiple W-2s or 1099s to document. We start with programs that do accept it.
Find out what you qualify for
Tell us about your union work and your W-2s, and we will show you the options that fit.
Get Pre-Qualified- Consumer Financial Protection Bureau, buying a house: tools and resources for homebuyers
- Consumer Financial Protection Bureau, mortgages
Loan amounts, rates, terms, and eligibility are subject to credit approval, asset and income verification, appraisal, and program guidelines. Draw requirements and variable rate terms apply. Program availability varies by state. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.