Glad you liked it! For self-employed, the underwriter will need an explanation of how the self-employed income will remain consistent while moving geographically.
I’m loving your videos! I’m a teacher in CA and I’m planning to move to GA next year, where I’ll be making 1/3 less of what I’m currently making in CA. I don’t yet have a job lined up in GA, but teaching job openings don’t normally come up until the Spring. When I try to get pre-qualified, will lenders use my current income in CA? How would that work? Keep up the great work!
Thanks, Erik!! Since you're moving to GA, they'll want to see employment/income lined up in GA. So, I'd wait until you have an offer letter to apply :) Kyle Seagraves → winthehouseyoulove.com
Great video, thank you. I'm planning to move to Florida, if I get a job and an offer letter before moving will that be enough for lenders to approve a mortgage? Will they base their decision in my current income or would I need to be in my new job for at least 6 months before applying for a mortgage?
Curious about making home improvements on my current house (kitchen, bathroom and floors) prior to putting it on the market in order to get the best offers. This would be with the intention of buying a new house in another state in 2 years. Would it be beneficial to take out a cashout refinance in order to make those improvements? Or would it be more of a negative - in terms of it effecting my credit score? I'd want to make sure in this competitive market and for the sake of having the best interest rate, my credit score which is currenty above 800 doesn't take an impact that would hurt me when buying my new home in 2 years.
Hi! From my video description, here's my advise. :) 1. Make sure your realtor is experienced with relocations. Ask them their wins and losses around buyers moving from out of state so you can get a realistic expectation of what works and does. 2. Also, make sure your realtor is tech-savvy. Some realtors go the extra mile for relocating buyers and will do personal video walkthroughs of homes to send to you so you don't have to travel. Best of luck!
What if I want to buy a house in another state (NY or OH) but move the family first. Meanwhile I stay behind in CA continue making mortage payments on the new house, save additional $ and look for a job in NY or OH? Once I find a job, I move. Anybody been in this situation?
We are currently going through this. My husband wants to keep his job in ca for another year but we need to move now... they asked us for a letter stating why we wanted to move, where he will be living while in ca is it rent free and list that you have family near by where you are moving.
@@s.pankey2072 "list that you have family near by where you are moving." By where your husband is moving in the meantime? We are looking at Lansing or East Lansing, MI. We don't know anybody there but the housing prices and Michigan State University ( for both of son's) are the reasons we want to leave. There is an abundance of aerospace manufacturing companies in that area of MI so getting a job doesn't quite worry me too much (cross my fingers).
@@clemencethomas2780 Yes! We chose Cleveland, OH., partly because my son got accepted to Cleveland State University. During my home and home loan search it was true for my situation that the house was going to be considered a 2nd home and that I would need 10% down. I WAS questioned a lot as to what where my intentions. Was I actually going to rent it out, where other relatives not including my wife and kids going to live there, etc.. Really dumb questions but after explaining the situation in detail and of course giving them tons of paperwork, the loan got approved. I moved the wife and kids and I stayed in CA for about 4 months before securing a job.
Would you say that it is unlikely or impossible to get approved for a loan if the new job is in a different line of work? How big of a deal is this specific aspect? In our case, my husband would be getting a pay increase but the job may be in a different field than what he is in now.
Hi Kyle, I’m looking to relocate back to my home state Tennessee from North Carolina. I’m talking to a realtor and made contact with a couple of lenders. Hope you can help on your end in helping me get my first house. Sincerely Staci :)
I want to move from Indiana to South Carolina. The distance between those states is quite far away, where can I temporary live in South Carolina when trying to find a home to buy. Also, I am going to have to find a new job to. What would be the best way to do this? I am moving out of my parents house.
Finding temporary housing is never easy. I'd first ask your new employer when you find one. You could reach out to rentals and suggest a short term lease (maybe 6 months) for a slightly higher rent payment
Kyle, if I'm trying to buy a house in let's say OH, do I have to work with a local loan officer like yourself? I was looking to buy a house in southern california and had actually bid on a house but pulled out after the inspection and now plans have changed. I was working with a local realtor and loan office and I was just wondering about continuing to work with the local loan office but do not know if that possible.. We are now looking to get out of CA.
I'm moving to another state. I have a job lined up in the same field but I have to sell my current house first. I don't have the funds to pay contractors to fix up my house so I am doing it mostly myself. I left my current company to do this before I move, Is there a time limit that I have to be between my last job and my new job out of state in order to still qualify for a home loan on a $320,000 house with at least $250,000 down from my old house?
Hey Tyler! There isn't a time limit as long as the job gap is less than 6 months. Also, if needed, you could explore a Home Equity Line Of Credit (HELOC) if you need funds to fix up your current home.
would this be the same process if I'm buying a house in another state as a rental property? It would be noncontingent because I'm renting in CA but want to buy in Wisconsin or Indiana.
@@WinTheHouseYouLove Will it be difficult for me to buy a house in another state if I'm self employed and not tethered to a specific employer? And should I be concerned about the genetically altered murder mosquitoes that have been released in FL?
You can, but you'd have to purchase it as an investment property or a second home. You can't purchase it as a primary residence unless you can prove to the underwriter you will be able to move there and have a job near the new home.
What if your both collecting Social Security payments. Tha will easily cover the mortgage payment. Probably also putting 40 percent down. Working and getting ss payments right now. Thanks
The lender would need 2 things: 1. Documentation or a letter of explanation on why they can believe the lower income will not continue to decrease 2. The lender will use a year-to-date average of the income working at the new employment
@@WinTheHouseYouLove I'm sorry I didn't explain myself well. I meant making less money because I would be coming from a state that has a higher income to a state with a lower income. How would the lender deal with me in that scenario?. Thanks so much.
hi, what if a want to move and buy a house in another state don't have a job yet but i have from 70% to 80% of the house value for a down payment?. you think a lender will lend the money?.
Keep making videos my man.
Will do!
Thank you for your time help and knowledge, this video really helped me, thank you for your sincerity!!
Glad it was helpful! Thank you so much!
Absolutely great content. Thank you!
Glad it was helpful!
Thank you so much! You just answered my questions.
Thanks for watching!
Great Video as usual! What if one is self employed and moving to another state??
Glad you liked it!
For self-employed, the underwriter will need an explanation of how the self-employed income will remain consistent while moving geographically.
I’m loving your videos! I’m a teacher in CA and I’m planning to move to GA next year, where I’ll be making 1/3 less of what I’m currently making in CA. I don’t yet have a job lined up in GA, but teaching job openings don’t normally come up until the Spring. When I try to get pre-qualified, will lenders use my current income in CA? How would that work? Keep up the great work!
Thanks, Erik!!
Since you're moving to GA, they'll want to see employment/income lined up in GA.
So, I'd wait until you have an offer letter to apply :)
Kyle Seagraves → winthehouseyoulove.com
Win The House You Love That’s what I thought. Thanks again and keep the videos coming!
Great video, thank you. I'm planning to move to Florida, if I get a job and an offer letter before moving will that be enough for lenders to approve a mortgage? Will they base their decision in my current income or would I need to be in my new job for at least 6 months before applying for a mortgage?
when move to new job to another state, how long do i have to wait to be able to qualify for home mortgage?
for 1st time buyer how I can avoid the high down payment, moving from FL to GA also im buying with somebody already owned property in GA
Curious about making home improvements on my current house (kitchen, bathroom and floors) prior to putting it on the market in order to get the best offers. This would be with the intention of buying a new house in another state in 2 years. Would it be beneficial to take out a cashout refinance in order to make those improvements? Or would it be more of a negative - in terms of it effecting my credit score? I'd want to make sure in this competitive market and for the sake of having the best interest rate, my credit score which is currenty above 800 doesn't take an impact that would hurt me when buying my new home in 2 years.
Could you do a video on how to best apply for a fha loan, how long you should be employed, if you can switch jobs in that time
I'll add it to the list :)
It’s better to used a credit union in that state to buyers a house.???
I looking to buying a house and Tennessee. What a good way to find a good mortgage lender and that state??
I'm retired having a pension don't own a home so I want to move to more affordable place because the NE is very expensive how does that work.
Hi! From my video description, here's my advise. :)
1. Make sure your realtor is experienced with relocations. Ask them their wins and losses around buyers moving from out of state so you can get a realistic expectation of what works and does.
2. Also, make sure your realtor is tech-savvy. Some realtors go the extra mile for relocating buyers and will do personal video walkthroughs of homes to send to you so you don't have to travel.
Best of luck!
What if I want to buy a house in another state (NY or OH) but move the family first. Meanwhile I stay behind in CA continue making mortage payments on the new house, save additional $ and look for a job in NY or OH? Once I find a job, I move. Anybody been in this situation?
You can do that, but the underwriter will most likely want you to purchase it as a secondary residence which requires 10% down.
We are currently going through this. My husband wants to keep his job in ca for another year but we need to move now... they asked us for a letter stating why we wanted to move, where he will be living while in ca is it rent free and list that you have family near by where you are moving.
@@s.pankey2072 "list that you have family near by where you are moving." By where your husband is moving in the meantime? We are looking at Lansing or East Lansing, MI. We don't know anybody there but the housing prices and Michigan State University ( for both of son's) are the reasons we want to leave. There is an abundance of aerospace manufacturing companies in that area of MI so getting a job doesn't quite worry me too much (cross my fingers).
@@clemencethomas2780 Yes! We chose Cleveland, OH., partly because my son got accepted to Cleveland State University. During my home and home loan search it was true for my situation that the house was going to be considered a 2nd home and that I would need 10% down. I WAS questioned a lot as to what where my intentions. Was I actually going to rent it out, where other relatives not including my wife and kids going to live there, etc.. Really dumb questions but after explaining the situation in detail and of course giving them tons of paperwork, the loan got approved. I moved the wife and kids and I stayed in CA for about 4 months before securing a job.
Would you say that it is unlikely or impossible to get approved for a loan if the new job is in a different line of work? How big of a deal is this specific aspect? In our case, my husband would be getting a pay increase but the job may be in a different field than what he is in now.
please answer her question
Is it possible to get preapproved for a loan in the state of residence for a home out of state?
nice...same steps if moving from out of country into the states?
Yep!
Hi Kyle, I’m looking to relocate back to my home state Tennessee from North Carolina. I’m talking to a realtor and made contact with a couple of lenders. Hope you can help on your end in helping me get my first house. Sincerely Staci :)
Great work!
I was considering moving to North Carolina, I was also thinking Tennessee by the end of this year. Would you say there is a big difference?
I want to move from Indiana to South Carolina. The distance between those states is quite far away, where can I temporary live in South Carolina when trying to find a home to buy. Also, I am going to have to find a new job to. What would be the best way to do this? I am moving out of my parents house.
Finding temporary housing is never easy. I'd first ask your new employer when you find one. You could reach out to rentals and suggest a short term lease (maybe 6 months) for a slightly higher rent payment
@@WinTheHouseYouLove Thanks! How much should I save up before going to South Carolina? Where can I live when finding a apartment in that area?
@@WinTheHouseYouLove Thanks! How much money should I save up before going to South Carolina? Where can I live when finding a apartment in that area?
Win The House You Love what are the state are you Lisenced in please?
Kyle, if I'm trying to buy a house in let's say OH, do I have to work with a local loan officer like yourself? I was looking to buy a house in southern california and had actually bid on a house but pulled out after the inspection and now plans have changed. I was working with a local realtor and loan office and I was just wondering about continuing to work with the local loan office but do not know if that possible.. We are now looking to get out of CA.
Hey! You don't have to work with a local loan officer, you'll just need to work with someone licensed in the specific state you're getting a loan in.
I'm moving to another state. I have a job lined up in the same field but I have to sell my current house first. I don't have the funds to pay contractors to fix up my house so I am doing it mostly myself. I left my current company to do this before I move, Is there a time limit that I have to be between my last job and my new job out of state in order to still qualify for a home loan on a $320,000 house with at least $250,000 down from my old house?
Hey Tyler! There isn't a time limit as long as the job gap is less than 6 months.
Also, if needed, you could explore a Home Equity Line Of Credit (HELOC) if you need funds to fix up your current home.
would this be the same process if I'm buying a house in another state as a rental property? It would be noncontingent because I'm renting in CA but want to buy in Wisconsin or Indiana.
It would be very similar; however, you won't have to worry about any employment issues since you won't be occupying the home
What if you're self employed and have a metric crap ton of money to put down (like 80-90)?
I'm not super sure of what you're asking
@@WinTheHouseYouLove Will it be difficult for me to buy a house in another state if I'm self employed and not tethered to a specific employer? And should I be concerned about the genetically altered murder mosquitoes that have been released in FL?
Can you bring someone while moving out to a state
I'm not fully sure what you mean. Could you clarify so I can help?
Can you buy a house out of state and keep your present job? We have no mortgage right now. Thanks
You can, but you'd have to purchase it as an investment property or a second home. You can't purchase it as a primary residence unless you can prove to the underwriter you will be able to move there and have a job near the new home.
What if your both collecting Social Security payments. Tha will easily cover the mortgage payment. Probably also putting 40 percent down. Working and getting ss payments right now. Thanks
What if I would be making much less on my new employment. How would the lender proceed?
The lender would need 2 things:
1. Documentation or a letter of explanation on why they can believe the lower income will not continue to decrease
2. The lender will use a year-to-date average of the income working at the new employment
@@WinTheHouseYouLove I'm sorry I didn't explain myself well. I meant making less money because I would be coming from a state that has a higher income to a state with a lower income. How would the lender deal with me in that scenario?. Thanks so much.
hi, what if a want to move and buy a house in another state don't have a job yet but i have from 70% to 80% of the house value for a down payment?. you think a lender will lend the money?.
You'll need to have a job offer lined up in that state