New house mortgage

Just curious, What is the loan amount (and LTV) we are looking at, and how far is the 2nd home from the 1st home (your original owner occupied home) ?

You want to convert your primary home to a rental property and buy a new home as your primary home.

If one lender objects to this, your loan broker should find another lender who would loan you on new purchase as primary home.

I think your explanation letter looks reasonable. In the worst case, if you are forced to purchase the 2nd home as rental, keep it for 6-12 months and refi again as owner occupied property.
The rate between owner occupied and Rental may defer anywhere from 1/2 percent to 1 percent.
So, if you like your new home and you like the price, you might have to take this hit. For every 100000 loan amount that hit could be about $300 of extra payment till the time you can refi with owner occupied rate.

But, personally, I am not seeing much issue in your case. Your loan broker just has to find someone who will be willing to lend.

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