Proof of moving into FHA, for loan approval

[Caleb Smith]

Scenario:

I'm trying to use the FHA loan strategy to acquire a home each year.

Personal credit is great, and my primary residence has plenty of equity, and income is sufficient for purchase of additional home.

Problem:

While attempting to get pre-approvals for loans, the FHA lenders are questioning that I will "down size" and move into homes of lesser value than my existing primary residence.

Mortgage Brokers suggestion:

"Get your primary residence rented out, then go rent a place for 6 months. Then maybe they will approve an FHA."

Question:

1)Has anyone else faced this issue when trying to apply this strategy on an annual basis?

2) Is there a better solution to prevent having to rent from a third party prior to purchasing a second property under an FHA?

3) Any other suggestions for applying the FHA strategy?

[Caleb Smith]

@Chris Mason thanks for the input. I figured something like that would justify as “reasonable”. The commute part is actually, a real factor in my case. My situation might just be a case of “bad” brokerage. I may focus more energy into shopping around the area lenders to see what each will and will not do, and to better understand my opportunities.

Thank you for your input and time.