Question: We are considering a career change that involves a long distance relocation. We will be selling our current home and expect to profit enough to make a 20% down payment on another home upon moving. I’m curious how likely we’d be able to get approved for a home loan in the new area considering all the changes that will have been made. Is it likely we’d have to rent for a while until stability is developed with the new job? Our credit score is great so we don’t foresee any problems in that area. Surely someone has experienced this 
Answer: You may want to rent for a while just so you can take your time shopping for a new house and get familiar with different neighborhoods. And if you try to apply for another mortgage before you’ve sold your current house, you’ll probably have a tough time, and at best your loan will be contingent on selling it, which will put you in a bad position with making offers. (As a seller, I know I would not accept an offer that is contingent on somebody else’s home selling first.) OTOH, if you have the 20% down payment in hand, proof of employment at your new job, and no other house payments hanging over your head, I doubt if you’d have any problems getting approved.
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