Loan approval question / concern

[Joseph Henry]

We have been house hunting for a while. Because the market has been competitive (very few houses for our liking), we did a pre-approval just to be ready. Now it has been 90 days and the pre-approval expired. I have to do the process again. The issue is that I am impacted with recent layoffs at my company. Even though I will be getting a pay check for the next 2 months, the pay stub indicates "WARN NOTICE". I am looking for opportunities outside. How do I get around this? Is it still possible to get approved for loan when we find the right home, assuming it will happen in the next 2 months?  Or am I pretty much out of luck and have to find another job before getting approved?  My wife is working and we make similar pay. However, we likely need both incomes to be able to afford the homes in our price range. We have a paid off primary, worth around $850k. Not sure if that helps in any way. The new homes we are looking for is in $1.6M range.

[Patrick Roberts]

Given the details you provided, your income from your current job is not usable. You will likely need to find new employment to be able to use any of your income.