Home Loan for buying a out-of-state house
Hi guys, I'm pretty new here
I live and work in the Bay Area and planning to buy a house in the midwest (eventually move there). If it is Investment property loan - interest is 5.2%, home loan - 3.57% (50 k less total amount).
What are the requirements for getting a home loan - only that I have to live there for the first 6 weeks? Can I purchase a property without living there first 6 weeks?
Thank you
Artur