5 High Paying Jobs To Get Your Mortgage Loan Approved Easy

A lot of aspiring professionals dream about owning a home someday. However, getting approved for a mortgage loan application is difficult and stressful even if you have a stable corporate job. Many factors affect a mortgage application such as one should have a steady income, a good FICO score, and adequate cash reserves.

If you are going to pursue a career, it is wise to choose a high paying one that will cater to all factors mentioned earlier for you to have a high chance of getting approval for a mortgage loan application in the future. So without further ado, below are the five high-paying jobs that will help you get a mortgage loan.

Surgeon

With a whopping 250,000 USD annual salary, a mortgage lender will find it hard to deny a loan application coming from this kind of profession. However, becoming a surgeon is not easy. It doesn’t stop with just graduating with a bachelor’s degree in medical school after four years. One must undergo a surgical residency program which usually takes up to five years to complete.

Psychiatrist

Not into medical fields? Then why not try to become a Psychiatrist? Unlike surgeons and physicians, they are responsible for treating one’s mental, emotional, or behavioral disorders. Due to the growing and aging population, it is becoming in demand. The annual salary can go as high as 216,000 USD.

Good read: The 6 Benefits of Being a Psychologist

IT Managers

If you are a techy person, then you might want to pursue a career in the information technology industry. Due to ever-changing technology, a lot of companies are hiring IT managers to keep their software, hardware, and other computer application up-to-date and protect their computer systems and networks from viruses and hackers as well. This job earns up to 150,000 USD annually.

Sales Manager

If you are into sales, then being a sales manager might be a good fit for you. With an annual salary of at least 120,000 USD, getting approved for a mortgage loan application is high. However, choosing this career path comes with many challenges. Being a sales manager means you can convince consumers to try a new product, able to lead the sales team to achieve the company goals. Anyone can make a sale, but not everyone can do what a sales manager can.

Lawyers

This job can offer an annual salary of up to 200,000 USD. Aside from being a high-paying job, being a lawyer comes with many benefits. However, one must have to invest in hard work that would take years of intensive study to become a lawyer.

If your chosen career doesn’t fit the above-mentioned and you belong to the average to low earners, it doesn’t mean that you won’t be able to have a mortgage loan. There are a lot of mortgage loan program such as Houston downpayment assistance that helps average to low earners, especially those who don’t have enough cash reserves for the downpayment, to have their mortgage loan application approved.