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Planning to buy property in another state

I’m currently looking for real estate in a different state that I would like to relocate in. But I know little to nothing about the whole real estate process. What are my options for prequalifying for a loan? Should I get prequalified with a local lender in the current state I live in or should I get one from the state I plan to purchase in? How should I choose a lender? by wbarker7 from Salt Lake City, Utah. Jul 6th 2022 Reply


Dave Skow (daveskow)
#15 ranked lender in Washington - 455 contributions

the key element will be your income / employment ...will you have valid incomes sources in the new state you want to relocate to ? if so - you can begin the pre approval process as soon as you would like for whatever hypotehtical scenario you want to use

Jul 7th 2022
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

I believe it is never to early to start the approval process. I recommend working with a licensed Mortgage Broker licensed int the state you are looking in. Here at NEXA, we are in 48 of the 50 states (only NY and MA remain) Knowing ahead of time what you qualify for should make the transition easier. Reach out and let us help you get started. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000 - OR - 480-695-9300.

Jul 8th 2022
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