5% down payment if residing in home - how fast can I move out to buy a new one?

[Joanna Mendoza]

Hi, is there a minimum  amount of time we need to be residing in our home before we can rent it out and buy another one we can move into to qualify for the 5% down payment? 

[Justin Brickman]

12 months minimum usually, you must show intent to live in the home. The lender will also need a justifiable reason that you're changing primary homes so quickly.