We are moving to another state, and would like to buy a home there. My real estate agent told me wouldn't be able to get a mortgage, because my husband has only been working at his new job (in that state) for 3 months (he moved ahead of the rest of us so he would have a home and job before we even got down there). He makes good money so is it possible to get mortgaged? We have a nice down payment as well...
2006-09-23 15:32:33 · 11 answers · asked by breaker_1020 2 in Business & Finance ➔ Renting & Real Estate
Lender will give you money for sure. Probably charge you a higher interests rate and extra insurance on the loan.
Tips on lowering the asking price:
http://biz.yahoo.com/brn/060909/19463.html
2006-09-23 16:27:36 · answer #1 · answered by Price is what you pay for value. 3 · 0⤊ 0⤋
I was able to buy a house when I got out of college, but hadn't had a job in the same place for a year. If your husband works for a company that offered him a contract, or can show he has been in the same line of work more than a year, you will probably have no problem. Plus, right now the housing market is going through a slump so I'll bet a lender will work with you to get into a home.
2006-09-23 15:43:37 · answer #2 · answered by tsopolly 6 · 0⤊ 0⤋
You can definitely get the financing you need, if you both have a good credit history.
It is true, you need a different agent, if your husband has been in the same line of work, there is no problem, that is the lender's main concern. Fire your mortgage rep.
Not guiding you in the right direction, you need peace of mind, not any more troubles.
2006-09-23 22:17:16 · answer #3 · answered by You are loved 5 · 0⤊ 0⤋
is he working in the same industry? if so a home loan should not be a problem, or with a large down 20% . call a mortgage broker really you should shop around for a mortgage .call three ask for a written est of the cost of the loan .ie closing costs ,PMI, fees etc
2006-09-23 15:44:16 · answer #4 · answered by learningnewthings 4 · 0⤊ 0⤋
Your real estate agent like so many others think they know more then they do. Yes, you can get a mortgage. If you are in NY, RI or MA let me know.
2006-09-24 05:00:07 · answer #5 · answered by mortgage_info_4u 2 · 0⤊ 0⤋
If he has a consistent employment history, and the two of you have a good credit rating, you should be able to get a mortgate. People move all the time, and buy houses in their new locations.
2006-09-23 15:39:01 · answer #6 · answered by Judy 7 · 0⤊ 0⤋
If employment has been in the same line of work for a total of at least two years, you should be able to apply. Qualifying credit-wise and income to debts are other considerations however.
2006-09-23 15:54:58 · answer #7 · answered by Driver Dan 1 · 0⤊ 0⤋
WIth a down payment and even halfway decent credit you can get a mortgage.
2006-09-23 15:37:56 · answer #8 · answered by Evil Homer 4 · 0⤊ 0⤋
if you relocate and your husband have new job in the same field like the old one- i don't see any problem to get the mortgage.
contact mortgage broker ,because they have access to more lenders.
2006-09-23 17:25:33 · answer #9 · answered by bianca 4 · 1⤊ 0⤋
My guess is he's okay especially if he is working in the same field as before.
2006-09-23 15:40:17 · answer #10 · answered by snvffy 7 · 0⤊ 0⤋