It is true that there will always be some difficulty for the unemployed home owner who wants to apply for a loan. The longer the home owner in question has gone without a job, the harder it is for him or her to get a loan. But if you are one of these people, then you should not be afraid.
If you do not have a job right now and you are in need of loan modification so that you can keep your family sheltered, just remember that the government is here to help you. Unemployment is certainly going up everyday in the United State and everyone is feeling the repercussions. If you are someone trying to stop foreclosure then you should know that there are still some choices left for you to take.

The thing is, most mortgage lenders are not as much focused on your employment as they are with your DTIR or debt to income ratio. This number is the most important thing that could tell whether your loan modification application will be approved or not. Therefore, even if you are jobless, you can still win the application.
It is probably a good idea for you wait for your loan modification application until you have a job interview waiting ahead of you. Just keep in mind that your lender is currently losing some funds with when they approve the loan modification. Therefore, if they see that you will most likely not be able to pay for your monthly mortgages then you will be in trouble. You should therefore try to apply for your loan modification at the last minute of the foreclosure which is one month or more precisely thirty days before the foreclosure and this might just make it better for your application.
It is very uncommon that a lender will give their approval of a loan modification when the borrower is jobless. When this rare even does happen, the borrower probably had a great credit history and the qualifications must have been met. So how does this happen? If you have worked in a company for a very long time, then you might get qualified. In short, a great work history is the best thing to have your loan modification approved.

