Or he could do it as a 2nd home (if he owns a current primary).  

The primary determinant (beyond the tax implications) is whether the lender will underwrite and permit the borrower to close in a company or require the individuals to be reflected on title. 

 - Two homes: a primary residence and second home that we STR most of the year when we're not there.

The rate sounds low..conventional mortgage primary purchases are in the high 6%'s-low 7%'s..The 5 year PPP is a little heavy as usually declining..5%.4%.3%..can also consider 'buying out' of the PPP usually around 1-1.5% of the loan amount upfront..

Proof of primary residence, (utility bill, mortgage statement, and a lease agreement if you are renting) 3. 2 months bank statements 3.

I do not own a single family primary residence, but I want to.

Hey BP Fam, two questions for you. 1st question; is there a huge difference in the rate for a conforming conventional loan for an investment property vs primary home?

If I’m planning to purchase a bigger primary home, what would be your suggestions?

Here's what the loan officer told us: "You still have entitlement left over that you can use if you choose to make this property your primary residence.

Make sure the future FHA loan you want to originate is on a home you plan to occupy as your primary residence.If you run into any trouble doing this please reach out to me.