Moving in Athens>Question Details

Barbara Brown, Home Buyer in

Moving to a new state

Asked by Barbara Brown, Fri Sep 12, 2008

My husband and I are wanting to move to Georgia in May of next year. I am a teacher and I may not get hired for a position in Georgia until June or July. I would like to buy a home in February or March. Could I buy a home without having a job in Georgia and use my job in Alabama as proof of employment?

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Yes. There are still tremendous bank sources for buyers with excellent credit scores. If you have contract offers, which still have not been accepted by you, this is not an issue. There are still bridge loans and in house loans that do not depend on traditional qualifications as these local banks are not selling their loans to govenment investors or entities. If they like you, they can loan to you.
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0 votes Thank Flag Link Thu Jun 25, 2009
The assistance programs work in Athens too. A client recently got $5,000 that need not be repaid until the borrower sells the home. Let me know if you're interested in speaking with my lender.
0 votes Thank Flag Link Tue Sep 16, 2008
To answer your question I do not have a home in Alabama to sell. I have found a house that we may be interested in purchasing in Athens that needs some work. I plan to call a Georgia lender to see if I can purchase the home ahead of time so we can work on the home to get it how we would like it before we move in.
0 votes Thank Flag Link Tue Sep 16, 2008

The number one question that has not been asked is do you have a home in Alabama to sell?
0 votes Thank Flag Link Mon Sep 15, 2008
Hello, Barbara!

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!

Bob Engert
RE/MAX Greater Atlanta
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0 votes Thank Flag Link Sat Sep 13, 2008
I believe that you can. There are great incentives for those in the field of education too. My lenders need to see consistent income. I'd love to go into more detail about the incentives available to you.
0 votes Thank Flag Link Sat Sep 13, 2008
Joshua is great speak with mortgage broker, in some instances prior to move a family will purchase a home prior to employment changes.
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0 votes Thank Flag Link Fri Sep 12, 2008

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!

Good Luck
0 votes Thank Flag Link Fri Sep 12, 2008
Joshua Jarvis, Real Estate Pro in Duluth, GA
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