Real Estate Forums

Ask An Agent Have a real estate related question? Why not ask a real estate professional. Here is where you post any and all real estate related questions that you may need answers to, Im sure there are more then a few agents that will be happy to reply.

Reply
 
Thread Tools Display Modes
Old 02-12-2009, 09:50 PM
zeeshandar zeeshandar is offline
New real estate webmaster
 
Join Date: Aug 2008
Posts: 12
zeeshandar is on a distinguished road
Default Apply for Loan before move/job change?

I am moving very soon from Idaho to Utah, and would like to make my first home purchase when I get there. I'm guessing that it would be more difficult me after just moving and changing jobs to get an adequate loan than it would now as I have established residency and employment. Could I get a loan here and buy a house there?
Reply With Quote
Old 02-13-2009, 11:04 AM
Dan Connolly's Avatar
Dan Connolly Dan Connolly is offline
Uber Real Estate Webmaster
 
Join Date: Jun 2006
Posts: 521
Dan Connolly is on a distinguished road
Default Re: Apply for Loan before move/job change?

If you are changing jobs but staying in the same field that you were in in Idaho it should not affect your ability to get a loan. If it is a completely new type of job you may have an issue.

The loan will be secured by a house, so if you apply while living in Idaho they won't give you an owner occupant loan for a house in another state anyway.

Talk to a lender in Utah to be certain!
__________________
Dan Connolly
Atlanta Georgia
Atlanta Georgia Real Estate
Atlanta Foreclosures
Search for Atlanta Real Estate
Reply With Quote
Old 02-20-2009, 05:15 AM
joeprost joeprost is offline
New real estate webmaster
 
Join Date: Sep 2005
Posts: 27
joeprost has a little shameless behaviour in the past
Thumbs down Re: Apply for Loan before move/job change?

read this fools previous posts, dont know what his/hers game is
Reply With Quote
Old 03-22-2009, 07:56 AM
Cleo's Avatar
Cleo Cleo is offline
Real Estate Web Guru
 
Join Date: Oct 2007
Location: Mandria Paphos, Cyprus
Posts: 316
Cleo is on a distinguished road
Default Re: Apply for Loan before move/job change?

[quote=Dan Connolly;241484]If you are changing jobs but staying in the same field that you were in in Idaho it should not affect your ability to get a loan. If it is a completely new type of job you may have an issue.
QUOTE]

I am moving to Virginia and a lender told me the same thing that if I was in an unrelated field then it would be an issue. In my case, I will have to put 20-25% down and purchase the home as an investor since he can't use my mainly commission based company overseas as my income. He said that would be a "harder sale" - if anyone knows differently or had experience with this please let me know.
__________________
Cleo Shahateet
Cyprus Marketing Solutions
00357 99 280 863
Paphos, Cyprus

We have a great selection of properties, luxury villas, townhouses, apartments, land and plots in
Paphos, Cyprus for sale, Search for off plan property, new and resale Cyprus real estate and Cyprus news & information
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Contact Form Snippet - change require phone # mikey REW CMS 2 Questions 2 12-29-2008 11:11 AM
How do I change Header link names ppetters REW CMS 2 Questions 4 12-01-2008 04:25 PM
Site design changes and color updates kenna real estate Work Orders 0 12-01-2008 03:28 PM


Real Estate Webmasters on Facebook

For our members

Main Sections

IDX Coverage Areas

You can find us at

Spiders Welcome

All times are GMT -7. The time now is 02:27 PM.


Powered by vBulletin®
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.