[lvmensch]

Just buy it as a second home. The only issue will be sufficient income. And search around a bit. Sometimes the mortgage brokers or credit unions will give a better deal than a Wells Fargo...but sometimes not. We sell homes in Sun City Summerlin all the time under similar circumstances.
You can have a primary residence in NV while living elsewhere. A local thing with implications on property tax rates.

After you buy it you can do whatever you like. The lenders will respond only to failure to maintain the mortgage payments. There are things that are sometimes enforced like living in a HUD property for the first year if you bought it as a primary residence. But pretty much normal mortgages care only about making the payment.

[daveyjones978]

Originally Posted by crabtrees

Can I do that? Under that scenario my primary home would be in Nevada while our jobs and current home are in another state? Would this be considered a 'second' primary home? I guess I'm trying to avoid this conversation with the bank:

bank: so you live in AZ and want to buy a home in Nevada?
Me: correct
bank: is the Nevada home going to be your primary home, meaning: are you moving to Nevada?
Me: correct
bank: Do you have employment in Nevada
Me: Nope. We'll obtain that in a few months after we buy a house
bank: Sorry, you need to have a standing job in Nevada. We'll let you buy a house in Nevada as an investment property, but we're going to charge you a lot more interest.

This is what I am trying to avoid.

But it as a secondary/vacation home. For RE tax purposes, the state of NV will consider it your primary residence. If you make the payments on time, there shouldn't be any problems once closing has occurred. Obviously, I wouldn't go quitting jobs, etc. before closing.

We bought our home in LV almost 15 years ago as secondary/vacation home. It's considered our primary residence in NV for RE Tax purposes. It used to be (and it may have changed now) that primary residence was 1% of FMV, and secondary, tertiary, were either 3% or 5% of FMV (RE taxes). That may have changed in 10-15 years, so I'd rather one of the realtors chime in with current information (there used to be several on here, not sure if they are still here or not)