Before starting your home search, it’s best to connect with a loan officer. Then, fill out a loan application to get pre-approved.
If you’re moving due to a job change, the key is to show that you’ll have a steady income. Be prepared to provide documentation, including an employment agreement to start the job 60-90 days after closing. The employment offer or contract must establish the position, start date, type of job and pay rate. It must be non-contingent, or the conditions need to be met before closing. Non-contingent employment agreements are only allowed for mortgages on primary residences and for specified programs. Learn more about what can affect a mortgage application.
During the pre-approval process, you’ll learn how much home you can afford. With this, you can confidently start shopping for an out-of-state home.