Home Buying in 90638>Question Details

Nicole, Home Buyer in Whittier, CA

In relocating to another state, how far in advance should I get pre-qualified for a home?

Asked by Nicole, Whittier, CA Sun Nov 16, 2008

I am planning to relocate in June 2009. From Southern California to Western Tennessee. I have good credit and good income here in California, but not in Tennessee. My wife is finishing Nursing school. It will be probably August until she starts working. As of now, I am the only source of income. Would like to get a house in July. We have money saved for the down payment, moving expenses and reserves just in case we don't get jobs right away. Our price range for a house in Tennessee is $100k.

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The key is that to qualify for a loan, you'll need to be able to qualify AT THE TIME YOU BUY. So having continuity in employment is essential. I would focus on lining up your next job in Tennessee, pay your bills on time, and don't buy anything new (like a car) until after you close escrow.

Good luck! If you'd like a referral to a top buyer's agent in Tennessee, I'd be happy to help you.
0 votes Thank Flag Link Mon Nov 17, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
GREAT QUESTION: Approx. 60 days prior to searching for a home and closing. Your 1st step would be contact a mortgage broker loan approval then work with agent.
http://www.lynn911.com http://www.homes-for-sale-dallas.com
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Sun Nov 16, 2008
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