"Jimmy" wrote:

Hello,

Our credit is good. Our income is stable. However, how tough is it to
get approved on a mortgage that's just below a Jumbo amount when one
of us hasn't secured a job at the new location?

Thanks in advance for your help...

If your credit is good (FICO above 670 -- other banks may have different
requirements) and you can provide a healthy down payment (30% or more), you
might be able to do a no-documentation or low-doc mortgage. You will,
however, pay somewhat more in interest. I obtained a low-doc mortgage at
below 6% interest and had to provide very little paperwor (e.g. no proof of
income).

You'll want to shop around. Some banks want much more paper work for
low-doc loans than others. Also, some banks will absolutely gouge you on
the interest rates for low or no-doc loans. I received a quote from a major
bank that was nearly 7.5%