Hi all,
I live in the Seattle area and my partner and I are looking to buy a home ~1.5 hrs away from where we currently live (same state, but the trip from our current to new location involves a ferry ride). We both work remotely and were hired as such, though our offer letters state we must work remotely from Seattle (I suppose this is common for remote workers, since we do have to notify them if we move). For both of us, our employers will let us move, though (we just have to let them know our new address). My company has an office in Seattle but not my partner’s (they do not have an office in WA). Will our remote work situation pose any issues with lenders? Will they want to see letters from our employers stating that we can move and keep working remotely for the same pay? They may agree to a letter but I find the bureaucracy at large companies makes getting these types of letters difficult so I want to be prepared. TIA!
Posted by Few_Leg_3190
1 Comment
An income verification check basically consists of
“Does (borrower) work here?”
“How long has he worked there?”
Any other pertinent info will be handled by your tax return or bank statements. They may do a verification check the day before closing but regardless, as long as you’re employed the day of closing they don’t care.