Personal credit is great, and my primary residence has plenty of equity, and income is sufficient for purchase of additional home.Problem: While attempting to get pre-approvals for loans, the FHA lenders are questioning that I will “down size” and move into homes of lesser value than my existing primary residence.Mortgage Brokers suggestion:“Get your primary residence rented out, then go rent a place for 6 months.

Everything looked like it was going smoothly until i got tp HOA approval.

The problem is that once he/she calls these issues out, you or the seller must remediate these issues before the loan gets approved.

We did submit our individual tax returns for the past 3 years in order for the lender to pre-approve the loan.

I explained my financial situation before making an offer on a home to the lender who told me that it shouldn't be an issue at all, and he even pre-approved me and everything. 

I would have offered to video or let their partner video then schedule a second showing for any where they were serious about making an offer, but only if listing agent approved ESA inside home.

Gross commission is subject to approval by a lender, court, or other encumbrance holderSeller is accepting Cash and Conventional Only.3.

It sounds like you want to house hack, so you should go get a pre-approval letter from a bank or other financier. 3.

First, get pre-approved with a lender.

.- Pre approved for loan...expecting this property to be in 200k-300k range- Easy access to capital for down payment, yet trying to maximize the power of our dollars, hence our inquiry We are both well versed in valuing real estate and understanding the quantitative side of things.