Asked by Abbie, Palmdale, CA • Thu Sep 25, 2008
It's a buyer's market so I'd like to purchase now, but I can't move to live there for at least a year. Would I be forbidden from renting the property? If I need a different kind of loan, will this require a larger down payment? I have a credit score of 750 but I only have about 15,000 for a down payment. Could I get financed for a home around 130,000-140,000?
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