Hey group I plan on purchasing a home for the first time later this year, but it's going to be a home that I won't be living in full time, my question is are there any loans other than conventional that allows this? I know with FHA and VA, the home you purchase must be your primary residence. So it conventional the only option? Thanks
I'm still up in the air on that, I live in FL, originally from MI so I go home alot to visit and I was going to have a condo as a place for me to stay while I'm home visiting as opposed to shelling out money for hotels all the time and I know right now I can find a nice downtown condo for a fair price, and with this being my first home purchase I thought it would be a good low investment that may possible grow when things turn around, but then I also thought about using it as a rental. I guess whichever option would be the best for me would be the way I go, I do know it would be nice to have some extra income from a rental 