Buying a home in a new city, what can I do do improve my chances of buying a home when my and my wife's jobs are easily transferable, but not yet secured in the new city?
My wife and I are looking at homes in the area where I grew up. We're pretty familiar with it and know we want to live there. We've considered moving there to rent, but rental prices are no less than 2x what a mortgage is there and no less than a year commitment on a rental, and there are very few rentals available. We've decided to try to buy since our current lease is up at the end of April, and we do have a temporary place to stay in the area while we work out details if need be.
I'm a nurse, and my wife is a banker for a very well-known bank that's has locations all over the US.
I'm considered an independent contractor through my job, and I can start working in a new city in as little as a couple of days since all my branches are connected. My wife has to apply for a transfer, or new position with her bank, or she'll need to apply for a job at a new bank.
I'm worried about being granted a loan with us currently having jobs where we live, and not in the area we want to move to. Is that ease of job transfer something that the underwriter will take into consideration, or do we absolutely have to have jobs secured and ready (or already working at them) in order to qualify? Is there anything we can do to prove that we will have an income shortly after moving, potentially before?
I should mention that we both have 6+ years of work history in our fields individually.
We have other arrangements that can be made in order to live in that area, like borrowing a 5th wheel camper from a family member and living out of that for a short time. It's just that we'd really like to avoid that if we can. Any advice is welcome.
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source https://www.reddit.com/r/RealEstate/comments/lu0rqd/buying_a_home_in_a_new_city_what_can_i_do_do/
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