Mortgage for primary residency with renovations
Started by bem9
almost 10 years ago
Posts: 56
Member since: Mar 2009
Discussion about
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I'm in contract for a coop in Manhattan that needs a gut renovation. It is going to be my primary home, but I don't intend to move in until the gut reno is complete. Also, the seller would like to stay an extra month, up to 60 days, as part of a lease-back agreement. Is there any chance this will qualify as a primary home (which is 100% what it is) to lenders?