First-time home-buyer, with properties, for primary residence.

[Joseph Duff]

Hello All:

I have not come across this scenario yet on the forum.  

My wife and I own 2 investment properties and our current primary residence.  We switched ownership to my wife's name during a series of re-fi's.  Our neighbors house may go up for sale, but I would like to purchase this property (row homes) as my primary to avoid the 20% down payment.

Is there a reason the bank would not allow this?  

Please let me know if you need more information to help me out.  

Thanks for the support and good luck. 

Joe Duff