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Applying for a mortgage loan in another state

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goporderonline Joined: 14 Nov 2008 Posts: 1 1.49 Dollars($)	Posted: Fri Nov 14, 2008 12:57 am    Post subject: Applying for a mortgage loan in another state Like 0 Dislike 0 I am living in Illinois currently and plan to move to Tennessee. What is involved in buying a home in Tennessee before moving down there? As far as work goes, I own and operate my own business and my husband is off on workman's comp right now so we have enough income to support a mortgage easily. I need to know what is involved in this process. Thank you!!
jameshogg Joined: 20 Dec 2005 Posts: 10148 Location: Nevada 941.94 Dollars($)	Posted: Fri Nov 14, 2008 1:49 am    Post subject: Like 0 Dislike 0 Hi goporderonline! Congratulations to you!!! As you are planning to get a house in Tennessee, you will first have to get approved from a lender and then start searching for a house. The lender will take into account your credit score as well as your income. The lender will also check the amount of down-payment you can pay. It will be better if you do some mortgage shopping before zeroing on a lender. This will help you to know the terms and conditions the lenders can offer you. To know more about mortgage basics, check out the information available here. Thanks
shayneroy Joined: 12 Nov 2007 Posts: 51 21.08 Dollars($)	Posted: Fri Nov 14, 2008 11:17 am    Post subject: Like 0 Dislike 0 Hi goporderonline, Welcome to the forum. You need to plan this one and go accordingly, don't rush through in the exitement to buy the new home. 1. You need to get hold of a realtor and discuss with him about the kind of property you are wanting to buy. (You could go online @ www.realtor.com and see a few houses listed online for sale in the desired area) 2. Preliminarly, Talk to atleast 3 mortgage companies and compare the deals that they are offering you and most importantly pre-qualifying you. 3. Per your budget understand the downpayment that you would like to make on the house. Should you think that a high downpayment is not possible, you can seek an FHA loan. 4. Once you have identified the property, get started with the lender you choose to work with! Hope this helps. _________________ Shayne Roy Profolio Home Mortgage Corp. Add : 3701 Briarpark Suite 150, Houston TX 77042. Direct: 713-429-4304 Ext.1032
loveth Guest	Posted: Mon Dec 01, 2008 8:43 am    Post subject: well i need assistant pls Like 0 Dislike 0 well am loveth and am from nigeria pls am a student i need a loan
adonis Joined: 22 Oct 2005 Posts: 10242 Location: ALASKA 1042.50 Dollars($)	Posted: Mon Dec 01, 2008 11:56 pm    Post subject: Like 0 Dislike 0 Welcome loveth, You need to contact a Nigeria based lender to get a loan. This mortgage community has lenders who give loans to people based in USA. _________________ Procrastination is the enemy of your financial success
banker0679 Community Expert Joined: 15 Nov 2007 Posts: 452 Location: Charlotte, North Carolina 19.27 Dollars($)	Posted: Tue Dec 02, 2008 6:20 am    Post subject: Like 0 Dislike 0 Welcome to Mortgagefit Goporderonline! You can use our lender base on Mortgagefit to help you find the right mortgage. If you have any questions you can repost, and anyone will be able to assist you please post back! Thanks, Robert _________________ there's always hope! "My credit score shot up 68 points!"
onawrite Guest	Posted: Fri May 07, 2010 5:03 am    Post subject: moving to corpus Like 0 Dislike 0 We are selling our home in missouri and wanting to buy a home in Corpus Christi. Can we get a loan there without having transfered jobs yet. I am an interior decorator and my husband is in sales. We make good money here. I did not know how the loan process works if you are moving.
Guest	Posted: Sat May 08, 2010 1:56 am    Post subject: Like 0 Dislike 0 You may be able to get a mortgage depending upon the discretion of the lender. You should contact the local lenders and apply for a loan to check out whether or not you would get a loan.
Drabek Guest	Posted: Sat Jul 23, 2011 6:00 am    Post subject: Maine mortgage Like 0 Dislike 0 I live in NYC and want to relocate to Portland Maine. However I was told by a mortgage broker that i must have a full time job in Portland before any mortgage broker will speak with me. Can they not use my NYC income to calculate whether I am eligeible for a mortgage?
jameshogg Joined: 20 Dec 2005 Posts: 10148 Location: Nevada 941.94 Dollars($)	Posted: Sun Jul 24, 2011 11:13 pm    Post subject: Like 0 Dislike 0 Hi Drabek, The lender will definitely consider your New York City income when he gives you the loan. However, it will be better if you could prove that you have a full-time job in Portland. Thanks
dmitriybleynis Joined: 29 Jul 2011 Posts: 17 4.54 Dollars($)	Posted: Fri Jul 29, 2011 1:25 pm    Post subject: Like 0 Dislike 0 Drabek; It depends on what type of job you have in NYC. If your job does not require you to be in the office and your employer can verify that then you can qualify with the NYC income. One other alternative is to purchase your Portland residence as a Second Vacation home and then relocate there once you secured employment. Best Regards; Dmitriy Bleynis Regional Sales Manager STERLING NATIONAL BANK STERLING NATIONAL MORTGAGE [Contact details deleted as per forum rules. Thanks.]

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