Can I apply for a “first-time homebuyer”/primary residence mortgage in GA if I am in NY and live in a coop?
The shares in the co-op are completely paid for (no mortgage – just monthly maintenance fees for building) and my husband has been here all his life. We want to relocate to GA, but want to use the income of our jobs in NY and get a home first before we move (kids in tow – want the move to be as easy as possible. so thought it best to secure a home first). Will the mortgage HAVE to be considered a secondary residence since we are applying for a loan when we currently work in a different state than the home we want to purchase, or since we haven’t had a mortgage since the apt. building became a co-op 15 years ago, can we be considered first-time homebuyers, since technically we are (we both never applied for a mortgage ever) even though we live out of state?