We would need a copy of the lease and letter of explanation.
If the property in Coarsegold is upside down, you will run into problems. In that case calling the new home a 2nd home might get you around that and the terms are very favorable on the 2nd homes.
Contact me if you would like to be prequalified there is a no cost an no obliagation, it would then help you make a decission as to what the payments might be, down payment and then you will be able to make an informed decission.
Your scenario sounds like something that you could make work. The first step is to speak with a local lender and figure out what loan package would work best for you and then you can begin to look for a property that might work for your husband. I do service the Bakersfield area, please let me know if there's anything I can help you with...including referring a great lender for you to speak with.
Tesa Noonan 661-717-3394
A lot of the best answers to your questions depend on the purchase price of the home and the amount you'd like to make as a down payment. From there, I would be able to tell you the best way to structure any financing, whether it's FHA, conventional or otherwise. As for purchasing a home through the business, that would introduce a new set of criteria you'd need to consider. I can help you with all of these if you'd like, and I'm here in CA. Get in touch at your convenience!