Online House Hunting - buying a house in florida?

buying a house in florida?

We are renting in Virginia for next two years and thinking of buying a house in Florida since the market is right. Florida is our homestate and we are in the military. Can we buy a house in another state as a first time home buyer? we are not going to rent it but spend the holidays and summers there for now. Or is it has to be bought as investment property? thanks!

Public Comments

yes you can as it will be owner occupied
You must buy home as personal residence. Making it your official home with military would help.
If you are buying a home and are first time home buyers, however not taking occupancy for a couple of years, most lenders would require that you put a large enough down payment like an investment property purchase. There may be exceptions, but you should talk with a reputable lender. The fact that you are military might help your situation with a special loan program. Good luck and God bless.
what part of Florida... I have a 5 bdrm 3bath heated pool home in Valrico (20 min East of Tampa, 1 Hour West of Disney)... - beautiful area, A+ rated schools... built 2001... 2600 sq ft... modern colors and decor - tons of shopping a massive YMCA nearby with a mini waterpark, etc... I am looking to move in June...but selling is a long shot because of the market conditions... I paid 350K for my place in 2006 - the value dropped to 290K... -- at this point I would take 275K just so I could pay off my mortgage!! If interested, email me...