Can a bank deny a mortgaged based on where you live?

[Don Li]

Some background, I used to live in area X for two years. I am now living in area Y (multiple states away). I want to buy an investment property in area x and the bank is saying because I don't live in the area anymore they wont lend me the money. I have multiple properties in area X, some were financed by this bank prior to me moving away. Is this a thing?

[Jay Hurst]

Quote from @Don Li:

Some background, I used to live in area X for two years. I am now living in area Y (multiple states away). I want to buy an investment property in area x and the bank is saying because I don't live in the area anymore they wont lend me the money. I have multiple properties in area X, some were financed by this bank prior to me moving away. Is this a thing?

Yes, some banks want you to be local for a non-owner occupied property. Call a broker who will be able to get you a conventional or DSCR loan (whatever fits your needs) and they will have no such limitation.