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Updated over 5 years ago on . Most recent reply

Jonathan Beemer's profile image
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Jonathan Beemer
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  • from Broken Arrow, OK
  • Member since Nov 12, 2016
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Jonathan Beemer's profile image
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Jonathan Beemer
  • Investor
  • from Broken Arrow, OK
  • Member since Nov 12, 2016
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Jonathan Beemer
  • Investor
  • Broken Arrow, OK
51
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132
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How long do you have to stay in a duplex on conventional loan?

Jonathan Beemer
  • Investor
  • Broken Arrow, OK
Posted

If I move into a duplex what amount of time do I have to live there? 6 months or a year?

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Kiera Underwood
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  • from Oklahoma City, OK
  • Member since Feb 11, 2019
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Kiera Underwood
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  • from Oklahoma City, OK
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Kiera Underwood
  • Specialist
  • Oklahoma City, OK
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Kiera Underwood
  • Specialist
  • Oklahoma City, OK
Replied

@Jonathan Beemer Marcos is correct! If you do owner-occupant financing to get 3% or 5% down, you've got to be there a year before you can gain another owner occupant loan. 

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