Question : How can I get approved for a home loan if I am moving to another state?
Hi! My husband and I are trying to move to Arizona in the next year and buy a house. This will be my first home. We both work full time jobs in California now. Any home loan advisors out there? Can you tell me how I can get approved/pre-approved for a full 30-40 year home loan when we have not yet gotten new jobs in the state we're planning on moving? One thing I heard is if we plan to rent out the property, then we can get approved for a loan. Please help!
- asked by Gennie Goose
All Answers:
Answer #1
Getting pre-approved is simple. Contact a brokerin that state and city where you will be moving.As long as you stay in the same career fields youare in now it should be no problem or you aremoving for more $$$ in your new jobs. All loansrequire collateral, capacity to pay and credit. Ifall are good then you will have no problems.Google the yellow pages under mortgagebanker/brokers in the city you plan to move.I am amortgage banker in TN
- answered by golferwhoworks
Answer #2
Getting approved in a different state should notbe a problem, as long as the job you're moving tois in the same field that you are currently in.You can go to a nationally licensed broker if youprefer that, rather than a local broker, sincethey are sometimes limited.If you want a littlemore advise, contact me, or check out ourwebsite.Baconshmals@yahoo.com
http://aapexfund.com
- answered by baconshmals
Answer #3
Gennie, please email me, my husband and I can helpyou, I process loans and he is a mortgage brokerlicensed in AZ. You can still get prequalifiedwith no work in AZ as of yet... it depends on thelender.please email me atvalisprocessing@yahoo.com so i can give you his #.Nothing is impossible!
- answered by V
Answer #4
There are several options that include declaringthe proerty as investment property but that wouldnot yield the rate you are looking for. There areloan programs that will not require incomeinformation as long as the scores are ok and youhave a down payment...even a 5% down payment willwork.Here is some additional info. Hope thishelps.
- answered by loanman46
Answer #5
Hi , Am from AZ itself .Write the casedetails at kishaloy_bhowmick@yahoo.com .Willprovide you all the options that are open for you.And will you be working in AZ for the sameemployer for whom you are working now in CA? If soit is most easy .Otherwise have to dig up a bitthe options!!!!!!!!1regards,kish480.751.4125 LoanOfficer
- answered by kishaloy_bhowmick
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