Basically, you would be financing $50K which to a lender is 66% LTV... The question is would you be able to qualify for the $50K loan? What do your last 2 years W-2 look like? How long is the gap in your employment? I believe if you truly found a home you love, the sellers would be waiting for a closing date knowing you were bringing $100K to the closing table. You need to sit down with a mortgage lender. Chances are they may have you give a lesser down payment to show you have a minimum of lets say 6 months in reserves being you haven't begun your new job yet. It can be done, but you need to sit down with a mortgage lender who has a little more than 5 years experience, who can help get the loan closed.
Best of Luck;
CEO & SR Credit Repair Specialist at
Everlasting Credit Repair
Ex-Mortgage Broker of more than 10 years