Yes, but it depends on the terms of your mortgage agreement. Many loans — especially conventional, FHA, and VA loans — have owner- How to Buy a Second Home and Rent Out the First
Before you move out and list your first home for rent, check your existing mortgage and insurance. How to Successfully Buy a Second Home and Rent the First buying a second home and renting out the first
Here is a full breakdown of what you need to know about the financing, legalities, and logistics of this transition. Yes, but it depends on the terms of your mortgage agreement
Expect to put down 10–25% for the new home. Lenders also often require 2–6 months of cash reserves to cover the mortgage payments for both properties in case of a vacancy. Expect to put down 10–25% for the new home
Lenders view a second mortgage as higher risk, so the criteria are typically stricter than for your first home.
You will likely need a higher credit score—often in the "very good" range (740+) —and a lower debt-to-income (DTI) ratio, ideally 36% or less .