Moving Past Employer Distance Requirements for Primary Residence

Moving Past Employer Distance Requirements for Primary Residence

Member since 2021 · 5 posts · 1 vote

Currently looking to purchase a primary residence out of state to house hack. Unfortunately, the lenders we have talked to say we need a letter of approval from my employer stating that I am a remote worker in order to purchase a primary residence out of state. As I'm in an industry that will be returning to the office soon, I don't see my employer approving this. We have talked about purchasing the property as a second home, but would like to avoid that if possible as the down payment is higher and the rental strategies are different.

Does anyone have any advice/experience with this or anyway around this situation?

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  • Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
    5y

    Sounds like there's no way to do it by financing as a primary residence without committing fraud, since it won't be your primary residence.

  • Investor · Malakoff, TX · Member since 2017 · 2k+ posts · 2k+ votes
    5y

    Sounds like you're trying to finance as a primary residence when it won't be your primary residence. Not a good idea 

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