Thursday, July 29, 2010

Buying in one state while living in another. Need advice on how to do this.?

1st time homebuyer; want to buy my dream home in TX (Dallas area - more affordable housing) while still working %26amp; living in FL until I find a job in TX then I will relocate once I land a job. It is my desire to already have a place of residency there while I job hunt. Are there any mortgage/banks that can help me with this transition?Buying in one state while living in another. Need advice on how to do this.?
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It would have to be an investment property(terms are real bad on them right now). The good loans will require a paystub from the new job in the new city.


Some banks will do the deal with an offer letter, but not all. And that leaves you stuck with their programs and guidelines.





You could always rent out a weekly hotel. Embassy Suites and the like.... I have had friends and clients do it.

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