unique scenario (maybe)

[Silvia Camponelli]

Hi all, hope everyone is staying safe out there.  I've read through Freddie/Fannie guidelines below and can't make heads or tails of it...

We used to rent an apartment in NYC until March 1.  Lease expired.  We left NYC because of virus. We moved temporarily to our "second home" in Florida.  I am still working remotely for our office in NYC.  So:

1) we have no "primary residence" per se.  Just temporarily living in our "second home"

2) we would like to purchase another "second home" in Texas. Parents may or may not live in this "second home". We don't know yet.  

3) we would like to purchase a true "primary residence" in NYC when virus stuff improves

Questions:

A) What type of loan application would the "second home" in Texas be for?  It is NOT a for-profit rental.  We are not trying to game the system here and get a second-home rate and then rent it out.  My parents would like to live in it when we are not there and that's fine with us. I've read the conditions and it seems that "if lender identifies rental income from the property, the loan IS eligible for delivery as a second home as long as the income is NOT used for qualifying purposes..."  See guidelines below.  

B) Would having two "vacation homes" hurt us in applying for a primary residence when we do move back to NYC? Would rates go up? More deposit? We want true primary residence to be within 30min of NYC. 

Thanks for all help!

https://selling-guide.fanniema...