Financing in 17522>Question Details

Randa Dirani, Home Buyer in Bradenton, FL

can I buy a house to live in and work in another state?

Asked by Randa Dirani, Bradenton, FL Fri May 2, 2014

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Randa this is very common, a good example is people live in New Hampshire and commute to work in Boston, MA. There are many other examples, just talk to your lender and Realtor and they will be happy to help you.

Endre Barath,Jr.
Berkshire Hathaway
Beverly Hills, CA
homes@endrebarath.com
http://www.endrebarath.com
310.486.1002(m)
Web Reference: http://www.endrebarath.com
0 votes Thank Flag Link Fri May 2, 2014
Randa,
If you live in a town near the border of the two states, this is very common. If the two states are an airline ticket apart, the lender will want an explanation. The closer you are the less of an issue. If you are a pilot who flies out of Chicago but you prefer to live in Miami, this could make sense. If you are a retail clerk and are 3 hours away from your job, this will raise reasonable questions.
The lender you choose must be licensed in the state the property will be located in.
0 votes Thank Flag Link Fri May 2, 2014
Sure! Absolutely can buy in one state and work in another.
0 votes Thank Flag Link Fri May 2, 2014
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