what problems will encouter

YES... most definitely... today's lending environment is very problematic... lenders look at every detail and are flat out looking for fraud.. Thanks to our current administration, getting a loan today is more difficult than ever.. But it's not impossible.. And people are getting loans every day.. Expect it to be a hassle and troublesome.. as far as your purchase goes.. if your son has good credit or no credit and a little income, you can co sign for a loan using FHA financing and only put 3.5% down. If he is unable to go on the note, then you would have to purchase that other home as either a 2nd home or an investment home.. Both will require you to put 20% down or more... As I stated in a earlier post, use the "Find A Lender" tab above to find a local mortgage broker who can help you out... 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

There shouldn't be any problems with you doing that for your son.

Contact a Mortgage Banker/Broker that is local to the area you re looking to buy in. Because you have a family member moving into this home, you could purchase it as a second home and still get rates comparable to owner occupied rates. Stay away from, the big banks or national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, not just those of one bank, and can properly guide you. But more importantly, He/She is trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

As a primary residence YES that would be a problem

It just depends on your situation with income and credit and your son's. I have done many loans like this and if you have a good % to put down as a down payment, it isn't nearly as hard as what others are saying.If your son has good credit you can put it in his name and be a non-occupying co-borrower.If he doesn't be prepared to put 25% and have this as a "investment" property.Mostly this would come down to credit, income, and the % down, but there are numerous options.