House Loans In Indiana
House Loans In Indiana
How can I get approved for a home loan if I am moving to another state?
Hi! My husband and I are trying to move to Indiana in the next year and buy a house. This will be our first home. We both are foster parents in Nevada now. Any home loan advisors out there? Can you tell me how I can get approved/pre-approved for a full 30-40 year home loan when we have not yet gotten new jobs in the state we're planning on moving? Please Please Please help
The easiest way to do that would be through private financing. You may have the best luck with something rent to own. Reputable lenders may still allow for that type of purchase if it is done as a secondary or vacation home for underwriting purposes to explain the distance between where you are currently living and working versus where you are buying. The only problem that may cause is the amount of funds you would have to bring to the table. You may need to put 30% down as opposed to say 10 or 20%.
If you can get one of your jobs to transfer you to an office where you want to buy, and will provide you with documentation stating their intentions then that should make things much easier for you. Good luck!
Valparaiso Indiana Mortgage - 7 Tips
