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Updated over 8 years ago,

User Stats

58
Posts
10
Votes
David L.
  • Kalaheo, HI
10
Votes |
58
Posts

Loan for PR but can't move for 6 months - how?

David L.
  • Kalaheo, HI
Posted

Need some help figuring out whether this can be done.  

We currently own a home but are looking to purchase a new one to move into and then rent out our current one.   However, circumstance has us not able to move into the new home until 6 months later.  In talking with the loan officer, we'll need to include rental income to qualify (since I am self employed and income likely won't be used).  He said that they only really need a contract with a tenant to show rental income.

Could we possibly "rent" out to our parents for those 6 months, and then get a real renter afterwards?

Any other ideas?