Closing on primary residence out-of-state before actually moving

[Ron Trinh]

Hi BP people!

My wife and I want to purchase a single family home to occupy as our primary residence in CO Springs. We are from San Diego and are wondering if anyone has been able to close on a property out-of-state before physically moving there. We would like to use FHA or low down payment conventional financing, so purchasing as an investment and then moving there is not ideal (or legal based on mortgage fraud I would think).

I spoke with a lender and they were saying they cannot loan on CA income. Is there a way to close on a property before we move so that we are not having to move twice (once in a temporary living situation renting, and once when we close on a property)? 

Thanks,