-
If a borrower is keeping their existing home and not selling it until after closing on the new property can the new home still be considered a primary residence?
-If a borrower is keeping their existing home and not selling it until after closing on the new property can the new home still be considered a primary residence?
As long as the customer qualifies with both mortgage payments including all taxes, insurance and any monthly HOA and they state in a letter their future plans for the current residence, the new home can be considered a primary residence.