Will I qualify for a mortgage in a different state?

vtgrules · Joined: 06 Feb 2008 Posts: 1 1.31 Dollars($)

I am worried about how the plan to move will effect my application for a mortgage. It will be obvious that the information we are providing will be based on employment history in the prior state and that we will not have the same jobs once we move.

evolovik26 · Posted: Wed Feb 06, 2008 6:47 am Post subject:

you will need a job offer letter and or first paycheck b4 you can buy in new state unless you staying with the same company.

jeffselan · Posted: Wed Feb 06, 2008 6:57 am Post subject: Also consider.

There are many levels of risk reviewed on a loan application. Only one is work history.

If other considerations are in line including income, reserves, credit, ect. You may not have an issue at all.

Know that a lender looks at the whole picture in a loan application, not just one part.

It is usually good to have a job before you apply but the process can be started if you have accepted an offer.

Hope this helps!

gmakerley · Posted: Thu Feb 07, 2008 10:45 am Post subject:

i would surmise that if your employment situation is stable concerning a new job, you would be as readily qualified as you would be in your current situation.

jeff's comments are on point.

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