By coincidence, I sold a home in Cherokee County a few months back to a couple that relocated here from New Jersey. The husband is a school teacher, and the wife did secretarial work. She was accepted for a job a couple of weeks before arriving. He was unemployed when we closed. They obtained their loan through our in-office lender, Wells Fargo. The husband has since gotten a job, but not in education as yet.
I agree with previous posters. It is important that you talk to a Georgia lender, especially in this constantly changing mortgage market.
If you'd like a referral to the lender I mentioned, please contact me and I'll be happy tp pass the name along to you.
Best of luck with your move!
RE/MAX Greater Atlanta
You really should talk to a great loan officer like Theresa Laine at 770-891-4121.
You can buy a home with income in another state, but typically, it'll only count as investment purposes. Think about the bank's point of view. How will you live in your primary residence and work in Alabama? Or better yet, if worse comes to worse, which will you make payments on, the home in Georgia or the place in Alabama. ... That's just SOME of the factors that go into it all. Call Theresa, I have complete trust that she can walk you through the entire process for a loan. I'd love to take care of your Real Estate search and purchase!