Whether you’re moving for a new job, better schools, or a fresh start, relocating can be both exciting and overwhelming. For many homeowners, relocating marks the beginning of a new chapter, driven by career growth, family needs, or the pursuit of a more intentional way of living. And while the reasons behind a move may vary, one constant remains: success hinges on having a solid financial strategy and the right support team in place.
At Mutual of Omaha Mortgage, we help homebuyers navigate the complexities of relocation with confidence, clarity, and care. Below, we break down three common relocation scenarios, along with key financial and lending considerations to keep your move smooth and stress-free.
Preparing to Move to Pursue New Job Opportunities
Whether you’ve landed a promotion, taken a new position across the country, or are transitioning to a remote-friendly employer, moving for work often comes with a tight timeline.
Get Pre-Approved Before You Interview
If your job search is active, get pre-approved with a lender familiar with relocation timelines. This positions you to act fast once an offer comes through and demonstrates financial readiness to employers who may assist with your move.
Confirm Employment Verification Requirements
Lenders may require a signed job offer letter or proof of income continuation. Ask about the nuances of verifying income across states or with a new employer.
Consider Temporary Housing or Extended Closing
If you’re selling a home at the same time, talk to your lender about bridge loans or extended closing options that allow you to buy before you sell without rushing the process.
Understand Cost-of-Living Changes
Even with a salary bump, your purchasing power may shift depending on your destination. Use your pre-approval process to run scenarios and understand true affordability.
Relocating for a Lifestyle Change or Evolving Family Needs
Maybe your current home no longer fits your needs, or you’re trading urban density for more space and a slower pace. Many homeowners relocate to gain breathing room, better schools, and a long-term home base for their growing family.
Map Out School Calendars and Enrollment Deadlines
If timing is tied to the school year, share that with your lender early. We can help align your pre-approval and loan closing with your ideal moving window.
Use Your Equity Wisely
The average homeowner gained $20,000+ in home equity in 2024, according to CoreLogic. Use those funds as a larger down payment to reduce your monthly payment—or explore a cash-out refi if you plan to keep your current property as a rental.
Plan for Dual Housing Expenses
If you need to purchase before selling, understand how your lender will calculate your debt-to-income ratio with two mortgages. A customized loan strategy can help you stay competitive without overextending.
Prioritize Neighborhood Research
Work with a local real estate agent and lender team that can guide you through community profiles, property tax differences, and available financing programs that may vary by ZIP code.
Prepare Emotionally
Moving is a big change, especially for kids. Talk about the transition often, visit the new area if possible, and keep familiar routines to ease the adjustment. Celebrate small wins along the way, like packing up the first room or choosing a new paint color.
Relocating to Right-Size in Retirement
Empty nesters and retirees often look to relocate for lifestyle, climate, or proximity to loved ones. Whether you’re downsizing or shifting to single-level living, a smart lending approach can preserve wealth and reduce stress.
Explore Mortgage-Free Purchase Options
Many homeowners are able to purchase their next home outright using proceeds from the sale of a primary residence. Talk with your lender about using equity to buy with no mortgage—or with a minimal loan if you’d prefer liquidity.
Ask About Retiree-Income Underwriting
If you’re living on retirement income, lenders will calculate your qualifications differently. We’ll help you document income from pensions, Social Security, or required minimum distributions in a way that supports approval.
Evaluate Future Flexibility
Consider homes with accessibility in mind—single-story living, manageable landscaping, and proximity to medical care. We can also walk you through reverse mortgage options if you’re planning for future needs.
Account for Taxes and Insurance Differences
Property taxes and insurance premiums can vary dramatically by state. For example, some states have higher property tax rates to fund local services, while insurance premiums may fluctuate based on regional risks such as hurricanes, wildfires, or flood zones. We’ll help you factor those into your total cost picture and avoid budget surprises.
Why the Lending Partner You Choose Matters
Regardless of why you’re relocating, having a mortgage partner who can think holistically—and move quickly—is key. At Mutual of Omaha Mortgage, we understand that your move isn’t just about where you live next, but how you live next. Our team specializes in helping homeowners:
- Navigate overlapping timelines (selling while buying)
- Structure loans to meet complex financial goals
- Work seamlessly across state lines
- Leverage equity without stress
- Stay informed and empowered throughout the process
Relocating is more than a transaction—it’s a transition. And with the right guidance, it doesn’t have to be overwhelming.
Ready to Take the Next Step?
Ready to take the next step? At Mutual of Omaha Mortgage, our experienced loan officers are dedicated to helping you navigate your financing options, providing clarity and support every step of the way. We work closely with your real estate agent to ensure your move is smooth and well-coordinated, so you can focus on settling into your new home with confidence.
Relocating is a major life transition, but with the right team behind you, it becomes an exciting opportunity for growth and new beginnings. Let Mutual of Omaha Mortgage be your trusted partner on this journey. Reach out today and start your move with certainty and peace of mind.
