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Employment verification when buying out of state

My husband and I are planning a move out of state for better quality of life for our son. I have worked for a DOD contractor for 10 years and handle programs on both east and west coasts so I can essentially live anywhere in the country hence the move. What besides the basic employment verification would I need to prove I will still retain my job once we move? Want to understand ahead of time to make sure all of our ducks are in a row. No idea how this works? Please advise... by thurzt_283_581 from Hermosa Beach, California. Mar 27th 2013 Reply


William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

There is no issue with you moving, and the lender will not have an issue with it either.. The lender will do a verification of employment, and that in itself should answer most of the questions from your lender.. If it doesn't, then the lender will ask for a letter of explanation regarding the move.. They could also ask for a letter from your employer as well, but it's won't be an issue.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Mar 28th 2013
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 1,823 contributions

Many people are in your shoes. As long as you are not changing employers, where your "Desk" is located isn't an issue. If you are changer employers, it can become a little trickier, but still very doable as moving for a better/different job is common. Employment verification will support that you are not changing employment so this is something that should be way down the list of things to worry about. I'd be happy to help you obtain your new mortgage. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Mar 29th 2013
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Ray Lewis (RayLewis)
#0 ranked lender in Texas - 35 contributions

I'm located in Ft. Hood TX. Home of the largest military base in the world. You should come over here. LOL If your going to stay with your current employer and not try and get a new job when you move; then all you need a letter from your current employer stating your transfer and the amount that you will be making in the new location. If you plan to get a new job, then you will need at least one paystub from your new employer before you can qualify. Please feel free to call or email me and I'll be happy to walk you through the process. Ray at 254-449-7196 or rlewis@englending.com

Mar 27th 2013
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

you will need a transfer letter indicating where your employment location will be. then if its your primary residence, you will have to purchase in that state.

Mar 27th 2013
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Peter Savino (855411LEND)
#100 ranked lender in New Jersey - 332 contributions

The bank will contact the employer during and once before the loan closed. If for any reason the job said you where not employed any longer the loan would be denied.

Mar 27th 2013
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

Transfer letter, and new job location should be within reasonable driving distance (so it does not appear to be a vacation home).

Mar 27th 2013
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,240 contributions

Just a letter from your employer saying you can work at the new location and that your income and likelihood of employment will not change. Every lender has the ability to place additional requirements beyond basic guidelines, but I have had several customers over the past year where this was done without problem. Sometimes the underwriter wants a copy of a paystub once you have moved to the new location (even if it is after closing), but that isn't normal and may depend on the type loan.

Mar 28th 2013
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,944 contributions

If staying with the current employer, underwriting will likely as for something from the employer that says you can live anywhere and it will not effect your job or income. www.StPaul-Mortgage.com

Mar 28th 2013
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Mary Chris Gallo (MaryChrisGallo)
#49 ranked lender in Minnesota - 116 contributions

The responses here are spot on: a standard verification of employment including commentary that your income is and will not be affected by your move.

Mar 28th 2013
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Eric Blossman NMLS 211144 (eblossman)
#116 ranked lender in Texas - 63 contributions

Yes.. all of the responses have been correct. The only thing I would add is that if you are working for the same employer, then I wouldn't worry about what documentation a lender will require. That is easy... You work from home, and nothing is changing so if you qualify now, you will qualify then.

Mar 28th 2013
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