Key Elements of a Job Letter for a Mortgage:

1. Employer's Letterhead:

   • The letter must be printed on the official letterhead of the employer to confirm its authenticity. Include the employer’s contact information (name, address, phone number, email).

2. Date:

   • The date the letter is written. This is crucial, as most lenders require that the job letter be recent, typically within 45 days from the date of the mortgage application.

3. Employee's Name and Title:

   • Clearly state the full name of the employee and their job title or position within the company.

4. Employment Start Date:

   • Include the exact date when the employee started working.

5. Employment Status:

   • Indicate whether the employee is full-time, part-time, contract, or probationary.

6. Salary Information:

   • Provide detailed salary information, including:
     • Annual or hourly wage.
     • Bonus or commission structure, if applicable.
     • Overtime eligibility.
   • If variable income (like bonuses or commissions) applies, mention an average or historical earnings for the last two years, as lenders may require proof of consistent income.

7. Guaranteed Hours (if applicable):

   • For hourly employees, mention the minimum number of hours guaranteed per week or per month.

8. Job Permanency:

   • Specify whether the position is permanent, temporary, or contract-based, and include any relevant terms if the contract has a set duration.

9. Employer's Signature:

   • The letter should be signed by an authorized person from the employer's HR department or the immediate supervisor.

10. Employer’s Contact Information for Verification:

    • Include the contact details of the person who signed the letter, so the lender can reach out for verification if needed. This should include phone number and email address.

Important Notes for Clients:

• The letter should be as recent as possible, preferably within the last 45 days, as lenders typically require it to be current when processing the mortgage application.
• Encourage your clients to follow up with their employer to ensure that the letter is detailed and contains all the necessary information to avoid delays.

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