Moving To Florida Information Archives - Moving To Florida Information

Moving from out of state to Florida? What to know about getting a mortgage to buy a home.

admin — Sun, 17 Mar 2024 14:46:23 +0000

When moving from one state to another, one of the most common questions I get is…

Can I buy a house in the state I am moving to?
Obtaining a mortgage when moving to a new state is relatively straightforward. Many of the same requirements are in place as obtaining a mortgage where you now live but with a few added requirements. Before you even apply for a mortgage, I will need to know the answers to the following questions:

Are you going continue to work with your existing employer or do you have a written job offer/intent to hire letter from a new employer?
Will you remain in the same job type as you have had for at least the past 2 years?
Will your salary and pay structure remain the same or increases after you move?

What if you don’t have a new job lined up or a plan to stay with your current employer?

Not having a job lined up when you move from out of state makes your income/job stability volatile which could result in a denied loan application. The lender’s primary concern when you apply for a mortgage will be your ability to repay the loan, which generally translates to a favorable employment situation. Employment and income are two important factors that an underwriter considers when approving a mortgage.

Can I work Remotely and still get a mortgage?

Remote jobs are more common these days, if your employers work policies allows work-from-home or work remotely then you can often take advantage of these policies and keep your job when you relocate to the new state. However, you will be required to provide a letter from your employer stating that you will continue to be employed by them after your move to XYZ State at the same job position at the same pay terms or better. The letter will need to include the start date in your new state as well. After we receive the confirmation letter that you’ll be continuing working for your employer despite moving to a new state, everything else will proceed as normal. It’s important to know that if you are getting an increase in pay which will be used to qualify for a mortgage after the move, we will require at a minimum of 1 paystub to prove the new pay rate.

Switching employers during the moving process.

If you’ll be relocating and switching jobs at the same time, you’ll want to make sure that you have a signed intent to hire/offer letter from the new employer before applying for a new mortgage. The letter of intent to hire/offer letter from your soon to be new employer will need to outline your position, start date, salary and salary structure.

It is also be important to continue working in a similar line of work that isn’t likely to end immediately. For example, if you’re leaving a job as a Nurse to become a store clerk worker during the holiday season, this could be seen as unstable employment.

Whether you are staying with your current employer or changing companies, we will contact your current or new employer to get a VOE (verification of employment) which will ask questions about your position and its longevity, your pay structure and status (W-2 employee vs. contractor, salaried or hourly vs. commission-based or bonus-based pay) and other questions targeted toward determining whether you are a low-risk prospect for a loan. VOE’s are requested at the beginning of the application process and just before closing to verify that nothing has changed and that you are still employed by that employer.

What to do I do when already own a house and want to buy another house in the state I am moving to?

Ideally, you would sell your current home the day you are moving and simply buy the new house in the new state later that same day or even a few days later but it’s rarely that easy.

Unfortunately, selling in advance of moving isn’t always possible but it is possible to obtain a mortgage to purchase a house in your new state if you can financially qualify to do so. Keep in mind you will need to have the funds for the down payment, and closing costs for the new purchase. You will need to qualify to financially to pay for the added debt for the new mortgage.

For the overwhelming majority of people moving and buying another house, selling before they leave their current state is a must, in terms of time and finances. Most people count on the money from the sale of their home to buy their new house.

Ready to move forward? GET PRE-APPROVED NOW

Not sure where to start when moving from out of state? Contact Leo today to help guide you through the steps of moving from out of state.

Contact Leo with any questions

The post Moving from out of state to Florida? What to know about getting a mortgage to buy a home. appeared first on Moving To Florida Information.

Florida Homestead and how does it work?

admin — Wed, 27 Dec 2023 16:27:46 +0000

THE FLORIDA HOMESTEAD EXEMPTION AND HOW DOES IT WORK?

In the state of Florida, a $25,000 exemption is applied to the first $50,000 of your property’s assessed value if your property is your permanent residence and you owned the property on January 1 of the tax year. This exemption applies to all taxes, including school district taxes. An additional exemption of up to $25,000 will be applied if your property’s assessed value is between at least $50,000 and $75,000. This exemption is not applied to school district taxes.

Application for all exemptions must be made between January 1 and March 1 of the tax year. However, at
the option of the property appraiser, original homestead exemption applications may be accepted after March 1,
but will apply to the succeeding year. Application should be made to the property appraiser’s office. Subsequent
yearly renewal of exemption status may be made by mail. Failure to make application by March 1 of the tax year
shall constitute a waiver of the exemption privilege for that year.

Florida Homestead Exemption Links:

Property Tax Information For First Time Florida Home Buyers Get Information

Original Application For Homestead and Related Tax Exemptions Get Information

State of Florida ELIGIBILITY CRITERIA TO QUALIFY FOR PROPERTY TAX EXEMPTION Get Information

Property Benefits For Persons 65 and Older Get Information

APPLICATION AND RETURN FOR HOMESTEAD TAX DISCOUNT Veterans Age 65 and Older with a Combat-Related Disability and Surviving Spouse Get Information

Property Tax Deductions for Active Military and Veterans Get Information

Other Available Property Tax Benefits Get Information

Thinking of buying a home?, Call Leo Namiot today to get Home Buyer Ready with a Fully Underwritten Pre-approval 904-712-1500 or email me.

More than just great rates!
Leo Namiot
Trusted Mortgage Lender Since 2003

www.LeoLends.com

The post Florida Homestead and how does it work? appeared first on Moving To Florida Information.

Moving To Florida Checklist & Moving to Florida Checklist for Residency

admin — Tue, 26 Sep 2023 19:33:04 +0000

Moving To Florida Checklist / Moving to Florida Guide and Information

If you’ve been considering a move to Florida, We’ve got just the thing to help you on your journey. Introducing our ultimate checklist for relocating to Florida – your guide to a smooth transition and stress-free experience.

Before you decide to move to Florida:

Don’t forget to include a visit to the Sunshine State on your checklist!

Exploring different cities, communities, and neighborhoods is a vital step when planning a move to Florida. It’s not just about the theme parks and tourist attractions, but about finding the perfect place to call home.

Start with research: Familiarize yourself with the different cities and regions in Florida. From vibrant Miami to charming St. Augustine, there’s a place for everyone in this diverse state. Learn about the climate, cost of living, and employment opportunities in your desired area. Knowledge is power, so gather all the information you need to make an informed decision.

Take the time to visit different areas that capture your interest and note down your preferences. Consider factors like the type of neighborhood you envision living in and your budget. By doing so, you can narrow down your search and find a home that aligns with your family’s lifestyle.

Remember, Florida is a diverse state, offering a variety of landscapes, cultures, and opportunities. Take advantage of the chance to explore and discover the perfect spot that suits your needs.

So, before you make the big move, make sure to immerse yourself in the Florida experience and find the ideal place to start your new chapter.

But when it comes to finding the perfect city or neighborhood, don’t tackle this task alone! Florida’s vast and diverse landscape demands the expertise of a local real estate professional. Find A Local Florida Real Estate Expert

Whether you’re buying or renting, having a knowledgeable local expert by your side is crucial. They can guide you through the process, helping you navigate through Florida’s various communities and finding the one that suits your budget, lifestyle, and work needs.

Start a detailed conversation with a local real estate expert and let them know your requirements, preferences, and aspirations. They will support you in identifying the best areas and properties that align with your vision, making your house-hunting journey a breeze.

Don’t settle for anything less than your dream home. Partner with a local real estate expert today and make Florida your perfect paradise.

When moving to Florida from another state, people often wonder, can I get a mortgage to buy a house in Florida when moving from another state?

Getting pre-approved for a mortgage is an essential step in the home-buying process in Florida. Anyone who is thinking of buying a home in Florida when moving from another state should know the process and requirements. Learn More about the mortgage process when moving from another state to Florida.

Mortgage Pre-Approval

Next on our Moving To Florida Checklist

Consider the cost of moving.

When relocating to Florida, it’s crucial for you to consider the style, architecture, and layout of your new home. Take a moment to assess the furniture you currently own and decide which pieces are worth bringing along.

For those who fancy modern or coastal interior designs, the idea of purchasing new furniture should definitely be on the table. Not only will it save you some cash, but it will also infuse your new space with a fresh, personalized touch!

Let’s face it, moving can be quite pricey, with hundreds or even thousands of dollars spent on various fees. Sometimes, we even have to part ways with beloved items because they simply won’t fit in our new abode. However, by reallocating that budget toward new furniture, you can transform your new Florida home into the perfect oasis that thoroughly reflects your unique lifestyle.

What About Taxes in the State of Florida?

Discover the sunny side of taxes in the Sunshine State! Did you know that Florida doesn’t burden its residents with personal income tax? That’s right, you get to keep more of what you earn!

However, for corporations operating in Florida, there’s a different story. They need to navigate the Florida corporate income tax, a crucial aspect to consider if you’re planning to start or expand your business in this vibrant state.

Don’t worry! Help is just a click away. Explore the official Florida tax guide to ensure you have all the important details at your fingertips. Be informed, prepared, and ready for success before you embark on your Florida business journey!

Don’t forget to check the Florida Property Tax Exemptions:

Florida Homestead Exemptions, Widow(er) Exemptions, Senior Citizen Exemptions, Blind Person Exemptions, Total and Permanent Disability Exemptions and Veterans Exemptions. Get more information on the Florida Property Tax Exemptions!

Moving to Florida – Checklist for Residency

Top 10 most tasks needed for Florida Residency

Employment if applicable
Register for School or Home School
Get your drivers license
Change of address
Motor Vehicle Tags, Titles, Registration
Register To Vote
Florida physicians and care providers
Florida County Tax Collectors
Florida Department of Businesses and Professional Regulation
Florida Homestead Information

Get Links To The Above

Final Thoughts

Remember, a successful move calls for the assistance of a dependable real estate professional and professional mortgage lender. Our team is here to guide you every step of the way, ensuring you find the home of your dreams stress-free. From advanced planning to last-minute searches, we’ve got you covered. We know what it takes to make that one move that finally feels like coming home.

Begin your adventure today and let us be your trusted partner throughout this exciting journey!

Mortgage Pre-Approval

The post Moving To Florida Checklist & Moving to Florida Checklist for Residency appeared first on Moving To Florida Information.

Moving To Florida Tips

admin — Mon, 04 Sep 2023 19:57:44 +0000

Attention all soon-to-be Floridians!

Are you ready to embark on an exciting new chapter in the Sunshine State? Well, buckle up because I’ve got some invaluable tips to make your move to Florida as smooth as possible!

First things first, it’s time to declutter and downsize. Yup, that means tackling those closets, basements, and attics that have been hiding all your forgotten treasures. Take this opportunity to sort through your belongings and decide what to keep, donate, or sell. Trust me, you’ll thank me later when you realize how much lighter your load is.

Next up, don’t procrastinate! Starting early is key, my friend. Give yourself ample time to pack thoughtfully and carefully. It’s not a race, so take it slow and steady. This will help you avoid any last-minute panic or hasty decisions. Plus, you’ll have more time to enjoy those farewell parties with your loved ones.

Now, let’s talk about packing like a pro. One word: labeling. Don’t just throw everything in boxes willy-nilly. Be organized and label each box with specific details about its contents. Trust me, when you’re exhausted from unpacking, you’ll be grateful for those labels that save you from rummaging through every single box to find your favorite coffee mug.

Lastly, tackling the packing process can seem overwhelming, so break it down into manageable chunks by focusing on one room at a time. Start with the rooms you use the least or those filled with non-essential items. Gradually make your way towards the more frequently used areas. This method not only keeps your stress levels in check but also allows for a more systematic unpacking process once you arrive at your new Florida home.

So, my fellow adventurers, save these tips and refer back to them when you’re ready to embark on your journey to the land of endless summers, stunning beaches, and breathtaking sunsets. Trust me, with a little planning and preparation, your move to Florida will be one for the books!

Let the countdown begin for your move to Florida!

The post Moving To Florida Tips appeared first on Moving To Florida Information.

6 Reasons To Move To Florida

admin — Tue, 08 Aug 2023 21:14:12 +0000

Let me share some incredible reasons with you!⁣⁣⁣⁣⁣

Mesmerizing Weather: Get ready to bask in the warm sunshine all year long! Florida’s tropical climate offers endless opportunities for outdoor adventures and a relaxed lifestyle. ⁣⁣⁣⁣⁣

Stunning Beaches: With over1,300 miles of coastline, Florida is a beach lover’s paradise. From the pristine white sands of Clearwater Beach to the vibrant atmosphere of Miami Beach, you’ll have a beach destination for every mood.

Vibrant Culture: Florida is a melting pot of diverse cultures, making it a hub for art, music, and delicious cuisine. From the colorful streets of Key West to the trendy districts of Orlando, you’ll never run out of places to explore and indulge your senses. ⁣⁣⁣⁣⁣

Thrilling Theme Parks: Florida is home to some of the world’s most renowned theme parks, like Disney World, Universal Studios, and Busch Gardens. Embark on adventures with your favorite characters, experience exhilarating rides, and create memories that will last a lifetime! ⁣⁣⁣⁣⁣

Outdoor Extravaganza: Nature enthusiasts will be spoiled for choice in Florida! Discover the glimmering Everglades, go kayaking in crystal-clear springs, or spot wildlife at the numerous state parks. The opportunities for outdoor activities are endless!

City Vibrance: Whether you’re a fan of Miami’s vibrant nightlife or the laid-back charm of St. Augustine, Florida has cities that cater to every taste. Enjoy buzzing entertainment districts, world-class shopping, and a thriving food scene that will satisfy any craving.

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