Can my dad buy a second home if he already has one (mortgage) of his own?

We were stuck in a really bad sitation/scam/whatever you want to call it with our first house..We have a foreclosure on our credit (and my husbands credit score is STILL OVER 700)..so the only thing stopping us from getting a house is the foreclosure on file…we can’t buy until at least december. However, we found a home that we LOVE (and in our price range)….Can my dad take a loan out and “rent” it to us for the mortgage price if he already has his own home with a mortgage on it? Without this directly affecting him?
Can my dad buy a second home if he already has one (mortgage) of his own?
We were stuck in a really bad sitation/scam/whatever you want to call it with our first house..We have a foreclosure on our credit (and my husbands credit score is STILL OVER 700)..so the only thing stopping us from getting a house is the foreclosure on file…we can’t buy until at least december. However, we found a home that we LOVE (and in our price range)….Can my dad take a loan out and “rent” it to us for the mortgage price if he already has his own home with a mortgage on it? Without this directly affecting him? My dad’s credit is PERFECT. and our rent is always paid half a month EARLY every month. never missed a rent payment for 2 years that we have rented this house.

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