I don't see where there would be any "fraud" doing something like this
I currently own a single family home that is my primary residence. I would like to purchase a 2 family property and then sell my current home after I close on the 2 family.
JBaldwin,Your "don't sweat it" comment shows how uninformed you are about the current state of the mortgage market. I understand you deal with small local banks in your business dealings and that works for you. However the rest of the world does not work that way. Most if not all lenders will look at this transaction through a fine toothed comb because it reeks of fraud. As I stated above. Any UW in their right mind is going to want to know why this person is moving from an SFR to a duplex. The OP better have a very good reason other wise this file will be declined so fast it will make their head spin. Perhaps you might email them the name and number of the "local" bank that seems to do what ever you want them to do because NO ONE else is going to look at this deal and so "no sweat".