Buying New Construction Loan Qualifying Question

[Anonymous]

I currently live in a mortgaged home in CT.  I will be looking to buy a new contruction home in a couple years in a southern state.  Construction can take around 7 months on the new home so I'd like to stay in my current home in CT as they build.  What I don't know is how a lender will look at the situation.  Will they use my current income (current job) to qualify for the new home or will they require that I have a job in the local area?  I'd rather not have to move and live in temporary quarters if I don't have to.  I will be able to find similiar work where I will be relocating but once I have a new job I would likely have to start within a few weeks.  I want to do a VA loan but I think there are residency restrictions. Any suggestions, experiences, advice, ideas, are most appreciated!!

[NC_Mtg_Loaner]

Great questions lead to more great questions.

Are you currently using your VA Benefits on your current loan?

You will find it easier to obtain a new loan if you are either transferring with your current employer or already have income from a new employer or a Job Offer Letter from a prospective employer so that your future lender can verify that your income you'll use to pay back your new loan is stable. 

[Anonymous]

No, I have am not currently using my VA benefits for my current loan.  I sort of figured as much but you never know if someone has had a similiar situation so I figured I'd ask.  Thanks for your reply!