I am selling my primary residence by providing owner financing to a buyer via a contract for deed. I am wanting to purchase a new house immediatedly after closing, however, my current lender will not give me any credit for the mortgage payments the new buyer is making for the first 12 months. So I have to qualify for two mortgages in order purchase my next house which is almost impossible.
Is there a lender who will allow full or partial credits of the mortgage payments that the buyer makes so I can more easily qualify for a new loan in the state of maryland?
thxs