Wilmington, DE asked in Banking and Real Estate Law for Maryland

Q: Can I buy a house without changing my address to that location?

This will be the first time I buy a house. I will only be spending part of my time there and the majority of my time in the neighboring state with my grandparents where my address is now. I would like to keep my address there since I will be there most, but I would like to buy my first house without having to change my address.

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1 Lawyer Answer
Cedulie Renee Laumann
Cedulie Renee Laumann
  • Business Law Lawyer
  • Crownsville, MD
  • Licensed in Maryland

A: Anyone can buy real estate for investment or other purposes and the law imposes no obligation to change residence just because someone buys real estate. However, a lender very well may require that a home be the borrower's principal residence to qualify for more favorable lending terms, so the real question likely is: what kind of financing are you seeking? A borrower should not tell a lender a property will be their principal residence unless it truly will be.

While this is not legal advice specific to any situation, I hope the above general information helps.

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