Buying a Second Home as a Primary Residence and renting out the firstDue to a change in job I have to move out of my current residence . Instead of selling my current home I am hoping to buy a new home near my new office and rent out my current residence . I am wondering if I can get a conventional loan (using the great low interest rate) on my second home ?Below is my situation Current Home : on 5 Years ARM ( refinanced it last year paying around 3.25%)Equity in Current Home : Around 30%Down payment available for new home : Around 10%Annual HouseHold Income : Around 200k Property Values of the two homes : Around 300k each Also if I move my primary residence to the new home will my interest rate in my current home change ?Thank you for your time Guys ..October 24 2011 - M Streets00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.