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Post by wonderbill on Apr 6, 2016 14:20:05 GMT
I have a potential client who is moving from the Carolinas to Florida. She and her husband have a used car business in the Carolinas.
1) He will stay in the Carolinas for another year or two to continue running the car lot before turning over management. 2) She is not on the note or the deed for their home in the Carolinas. 3) His credit is not good, so she would like to finance in just her name. 4) She is the principal owner of the used car lot.
Can she buy in Florida using FHA or Conventional (assuming credit score between 690-700)?
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Post by Terrence on Apr 6, 2016 15:28:38 GMT
I would set this up as a purchase of a second home. That to me sounds like more of an accurate scenario.
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Post by wonderbill on Apr 6, 2016 15:36:56 GMT
That is what she said Quicken told her, I was hoping to steal it from them. Thanks for the answer!
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