If your fixed income qualifies, and you'll be able to bring it with you to Mount Juliet, then you can use that to qualify on it's own and not have to worry about employment or the income from employment. However if your fixed income doesn't qualify on it's own, and additional income is needed to do so, then a different plan of attack would be needed.
Why are you relocating? Typically I associate that with relocating because of employment, but if you are on fixed income, and your fiance hasn't found a job in Mount Juliet yet, then that doesn't seem to likely be the reason.
So if transferring to a new job isn't the reason, then you and/or your fiance would need to become employed and receive a paycheck from the new job in order to use it's employment & income to qualify, or if family member who does have enough qualifying income is willing to co-sign that is an option, or if you or your fiance can find a job where you would have a non-revocable employment contract prior to starting employment then that could potentially work prior to beginning work in Mount Juliet. Your $20k down payment would also look enticing to someone offering a lease-to-own or seller financing situation, so if you won't have enough qualifying income right away due to your fiance not being employed right away, then that could be one way you could move first and then finish it up a few months later to refinance into traditional financing (that'd be a complicated process but that is essentially it in a nutshell).... more
Thanks Scott, I was able to get pre approved. I am due to get my Chap 13 discharged next month and will be able to start then. One more question. I was misguided by the builder's preferred lender last yr even tho I was ready and cud have been pre approved. I lost out on the stimulus and regret it big time. I had no experience to look around and lost out. I was wondering will it be rude to ask him to compensate me for this.... more