Yes.. There are certain guidelines that are in place to prevent folks from purchasing homes as primary residence and turning it into a rental.. One of the acceptable circumstances is being forced to move for your job.. it's not a problem... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
You should be able to since you are being relocated especially if you've been in it for 12 months or more. You should check the documents from the closing to be sure.
Yes you can rent it out as long as you have owned it more than 12 months. Where are you trying to purchase? We have programs that allow you to use the new rent for income qualification. If you would like some assistance with getting pre-qualified get into touch with me. P: 888-320-7888 - www.MortgagesforAmerica.org - Ken@MortgagesforAmerica.org - Ken Burrows
The only time you would be questioned on this is if you've closed on your current loan within the last 12 months. Since the relocation is something out of your control and required for continued employment there should be sufficient proof that can be provided to your current lender. I don't think you have anything to worry about. If you are moving to NM please let me know! Charlie Sparks (NMLS# 195031) csparks@gencormortgage.com
Yes you can, make sure to keep any paperwork that would should the reason for the move is job related. If I can help you further , Peter Savino - www. HOMEMORTGAGEXPERT.com
You can rent out your home with the USDA loan on it for relocation purposes. No issues.
Relocation can be a valid reason to rent your home. You may need to write an explanation letter, if you have owned the home less than 12 months.
I'm located in Mint Hill so you can contact me if you would like. Yes you can rent your house out. Let me know if you have any additional questions. info@lendwithleverage.com
Ask our community a question.