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Updated over 7 years ago on . Most recent reply

User Stats

70
Posts
7
Votes
Bryan Tasumi
  • Hayward, CA
7
Votes |
70
Posts

Can you buy a house in another state and stay in your old house?

Bryan Tasumi
  • Hayward, CA
Posted

Can you buy a house in another state and stay in your family's house for the time being (until after you qualify for a mortgage)? 

I am asking this because I do not have a job lined up in Texas (where I am planning to buy my first home) and do not know if I can qualify for a mortgage unless I find a job there. I need to move very soon. I am planning to do this to qualify for a mortgage. I do not pay rent at my current relative's house and can stay here for as long as I like while I keep working at my current job. Will I qualify for a conventional house loan this way? Will there be any restrictions or negatives doing this or is this not possible? 

Thank you.

Most Popular Reply

User Stats

617
Posts
456
Votes
Karen O.
  • NYC, NY
456
Votes |
617
Posts
Karen O.
  • NYC, NY
Replied

Talk to a few lenders.  Tell them what you're planning and see what they say about your plan to move when you have a job.

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