purchasing during job loss

[Jenn Baker]

Will try to make a long story short. We have a nice lump sum of money coming. We rent at a rate more than it would cost to own. My husband is possibly losing his job before the end of the year. We want to take the lump sum as a down payment on a new modular home. Hoping to be built and ready to be lived in. Our thought process is renting is so expensive and you have to be able to afford to have a home job or no job. What happens if he loses his job in the middle of the ordering delivery building closing process. Would love input