Home Buying in Lawrence>Question Details

JD, Home Buyer in Lawrence, KS

Moving from one state to another & want to know if we will be able to buy a house right away.

Asked by JD, Lawrence, KS Wed Sep 5, 2012

I ask because my husband will have to quit the job he is at currently & find another job. I say this, letting you know we have great credit, and previously owned a home for 10 years, which we sold.

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Best to check with your lender as to what is best for your situation. Most people buy before they leave their job. Otherwise, filling out a loan application with 1 week on the job becomes problematic. There are some exceptions such as if you are a firefighter here and are going to be a firefighter there. Again, check with your lender as to what you should do for your particular circumstances.
0 votes Thank Flag Link Wed Sep 5, 2012
Not having a job may present a challenge. The best bet would be to consult a mortgage professional first. Underwriting requirements have tightened and not having a job to go to may mean that you have to wait on finding employment. It may come down to how much money you have in reserves.
0 votes Thank Flag Link Wed Sep 5, 2012
Thanks!
Flag Wed Sep 5, 2012
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