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Updated about 1 year ago,
Buying another primary residence
Hi, I’m 26 years old and my wife and I are figuring out how to get a second house in 2024. We purchased our current home in February 2021 while interest rates were very low on a USDA loan. Our goal is to do a few updates, find a tenent next year and move into another primary residence.
I’m a bit unsure of how to go about buying the second property. How do lenders look at a situation like mine and is it typically a straightforward process?