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Updated almost 2 years ago,

User Stats

7
Posts
4
Votes
Ivan Schmidt
  • Investor
  • Knoxville, TN
4
Votes |
7
Posts

I am a traveling nurse. How can I get an owner-occupy loan while transient?

Ivan Schmidt
  • Investor
  • Knoxville, TN
Posted

I am frustrated with the poor quality of information for my situation — maybe y'all can help!

My permanent address (tax home) is near Knoxville. My work will soon be taking me to North Carolina. I am fully prepared to buy a house in Knoxville, but lender says conventional primary residence loan is not possible unless I work within one hour of town. Is this requirement set in stone, or should I spend tomorrow calling a ton of different lenders?

I have 2+ years of stable income, $50k liquid, reserve funds, and 740+ credit. Would really like to avoid 25% down if at all possible

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