I'm New in Town, Can I Get a Mortgage?

Written by Kelsey Chisholm

Relocating and buying a house in a new city doesn’t have to be a daunting task when you work with the right Realtor and Lender who can help you pre-plan.  To ensure you have an easy move, we have compiled some helpful tips, so you can better prepare for your upcoming move.

The same basic requirements to get a mortgage always apply, but the biggest strain buyers who are moving often face is providing proof of a reliable income.

If you are moving from a far away land, here are some questions to ask yourself before applying for a mortgage!

-Did you recently get a new job? If so, will you be starting before potentially closing on a new home? If not, is your current job transferrable or are you able to work from any location?

-If you are self-employed, you would have to prove the business would be successful in a different geographic location to be able to use the income.

-Do you currently own a home and what is the status of it? Are you going to sell? Are you going to keep it? If you aren’t planning on selling, you would have to qualify to keep the home.

These are all questions your Lender will ask you. Everyone’s buying experience will be different. Getting a mortgage during a job transition or move is very common and we will walk you step by step through the process.

If you have some savings (minimum Zero or 3% down for some borrowers in certain areas), buying can be a great investment and a great way to truly lay roots in a new community!

Our options for you:

RD – A Zero Down Payment Loan that works in many areas that are considered “rural”

FHA – A loan program that offers loans starting at 3.5% down with less stringent eligibility requirements.

VA – Are you a Veteran? The VA loan is available for veterans and their spouses and offers zero down payment.

Conventional – As boring as the naming suggests, a conventional loan features down payments starting at 3% down but allows for no mortgage insurance premium if you hit 20%.


It’s easier than it seems to purchase out of state. Contact us today so we can help!

Happy moving!

Relocating to a new city doesn’t have to be a daunting task when you work with the right Lender!