USAA pre approval application

[PatronWizard11]

I compete a pre approval application and choose primary residence. Got the approval.

Our current house is solely in my wife's name. Can I use this primary residence loan to buy an investment property?

Do I need to go through the application again and choose investment property instead. Or do your think my pre approval is very similar and I can proceed with finding a house and when it's time to finance I can just let them know then?

[MaikoTsumi]

Yes, you need to get preapproval for an investment property. 

[August26th]

While your qualifications may not have changed, if you are changing the occupancy type, plenty of things have changed and you don’t want to suddenly switch it up on your lender when you find an investment property.

It’s ideal to get the real-deal preapproval for what you actually plan to purchase.