Loan scenario help!!

I don't see why they would not allow for the move.  Maybe buy the home with the current job and pay stubs, like buying a vacation home and close before they move.

In Tx the lenders will accept a contract for employment from the employer instead of waitng for the pay stubs.

if it's the same line of work and you have a contract or offer letter, there should be no problem.     

I would see if the new employer will give her an offer letter stating the terms of employment and start date.  Unfortunately, you have the same problem.  She could refuse the employment before she starts or the company could change its mind.  i have a friend who had a great job and then the economy  changed and so did his job offer (or lack thereof).

I her last day is June 30th then she has a paystub based on her current job.  This should be submitted and deending on her contract, what is he last day to obtain a nonconditioned approval?  Can you stall?

Additionally did you submit scenario to just one bank..I see you refer to "they".....I am surprised you have not tried Wells Fargo Stated Express...it is for this scenario.....I don't think you can take this full doc and saying the home is vacation is mortgage fraud so don't do that.  I would focus on stated income w/ no 4506 ..explain to your borrowers that banks will not accept future salary as current salary.

It seems obvious that her current salary is not enough to support the purchase of this house?  This is prob'ly why you are trying to use the future income but tell the buyers that in the banking rules future is not what they go by.  Hurry!  Find a compettiive stated income program.....the market is changing and if you spend another week trying to slam full income through a very small hole the real estate agents, lawyers, and customers will start becoming angry as you push your paycheck and theirs farther back!

I say stated income with VERIFICATIOn OF ASSETS since you said they have great reserves!

P.S. not sure if oyu knew but your supposed to give a short reply to each comment as a courtesy..I didn't know this either...you can do it in one comment box..visit other comments sections on other profiles and you'll see what I mean.

wow, so wells did away with the Stated Express..that was the equivalent of Countrywide's stated "Fast and Easy"...I just used Wells as an example...keep in mind that if the bank you found starts getting to analytical or throwing deal-killer conditions out at you....stated income verified assets is always a back up....and it sounds like you need to inform your borrowers that that is plan B so they don't have a horse and walk from you.  Wells can be stricter than an 18th century Nun but loves excellent credit and now that I think of it they do prefer full income over stated.

Even though I do only commercial I luv scenario brainstorming.