Relocating to a new State can be challenging. Learning what neighbor hood you want to live in, finding a new coffee shop, a new doctor, new friends, down to simple things like “How not to get lost!” and of course getting a new house. Below are some examples of loan options that may be good for you.
FHA: These are government secured loans that you can use to obtain financing up to 96.5% of the purchase price. These loans close smoothly if: you have a 660 or higher credit score, you have had your 3.5% down payment in your bank account for the last 60 days, are buying a property that is decent, and you are using less than 34% of your gross income towards the total mortgage payment. If thats you, my average close time is about 10 days.
USDA
http://www.rurdev.usda.gov/RHS/
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