Moving states, dropping jobs, need mortgage advice!

[Ryan B.]

Hey All so we are planning on quitting our jobs, moving down south, and getting a house.  The good news is we have quite a lot of $ saved up and don't plan on getting new jobs right away (even if we did it could take 6+months to find a decent job).  The tricky part is that will likely make it very tough to land a mortgage, despite the fact that we have a lot in savings, they still want you to have a verified income.  Wondering if anyone has any advice on obtaining a mortgage in this situation, or if there are non-traditional options that would fit well?  Basically our whole situation financially is great, except that the lack of jobs right away would kill a traditional mortgage application!  Our situation:

Plenty in savings, we could put up to 50% down payment on the home prices we're looking at.

Excellent credit for both of us, no worries there.

No debt really, other than a credit card balance every month but that's also paid in full every month (ie we never pay any interest on it)

No previous foreclosures or bankruptcy

We will likely resume similar careers in the new state eventually, but no need to hurry financially, and want to take our time in getting to know the area and career options well before doing so.  Obviously we could rent but definitely would prefer not.  Of course we could also just buy a house that is worth half as much and buy it with all-cash, but would prefer not since that would pretty well deplete all our savings.  Any advice would be great, I figured there has to be a good lending option for someone with good financials but no current job!

[Elizabeth Colegrove]

why don't you buy the house now as investment. Put 20% down and than move into it when you are ready. You will pay a premium as an investment loan (.5-1%) higher but you would be able to move  into an house you owned.

2nd option: can you work from home for 1-3 months for your current jobs. This would allow you to have a stable income for the mortgage process. You could buy the house as a personal property and quit your job after having the house.