The most basic way to look at these types of mortgage is they will use your liquid assets and divide that amount by many months to give you a monthly amount of income from them to use for qualifying. Normally they are referred to as Asset Depletion loans.
In your situation if the $800,000 is totally liquid I would normally see that divided by about 3 years (36 months) which would give you about $22,000 monthly income for qualifying.
Now this is a very basic description, you get the idea.
You will need very good credit and there are other basic restrictions just like any other mortgage loan, read the fine print.
I'm sure Jim or any other experienced mortgage broker in Chicago can help you out.
I hope that is helpful.
Gabriel Financial Group
Since it appears you have a solid banking relationship in place,start the conversation with the institution that holds the money and knows your financials.
Best of luck, if you need a good agent............
Sohail A. Salahuddin | Founder and Team Leader
Innovative Property Consultants Group | Sales and Leasing
Jameson Sothebyâ€™s International Realty
425 W. North Ave. | Chicago, IL 60610 â€¨
O: 312.335.3230 | C: 312.437.7799 | F: 847.805.6030
"Extraordinary Service For Extraordinary Lives"
check with several lenders, mortgage brokers, credit unions, etc. You might also want to consider a private mortgage for the time being, then once you have employment, you can contact a lender and refinance.