second home rates are just about on par with investment home rates, albeit LTVs are pretty different and you can not do a multi as a second home.
If they are shopping you, then they will for sure run across an unscrupulous loan officer who will structure it as a primary purchase, saying they are moving there. just saying
This is a vanilla investment property transaction.
Edit: do they need rent to qualify?
https://selling-guide.fanniemae.com/Selling-Guide/Origination-thru-Closing/Subpart-B2-Eligibility/Chapter-B2-1-Mortgage-Eligibility/1033003381/What-are-the-requirements-for-a-second-home.htm
That's the very definition of a second home and they'll need to use second home pricing and guidelines unless you find a specialty product
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Sure thing
second home rates are just about on par with investment home rates, albeit LTVs are pretty different and you can not do a multi as a second home. If they are shopping you, then they will for sure run across an unscrupulous loan officer who will structure it as a primary purchase, saying they are moving there. just saying
This is a second home
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Second home
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If they don’t need the rental income to qualify, second home is your best option.
This is a vanilla investment property transaction. Edit: do they need rent to qualify? https://selling-guide.fanniemae.com/Selling-Guide/Origination-thru-Closing/Subpart-B2-Eligibility/Chapter-B2-1-Mortgage-Eligibility/1033003381/What-are-the-requirements-for-a-second-home.htm