Mortgage Fraud Question

[Joe Conklin]

Would the following scenario be mortgage fraud?

Acquire a property 5% down conventional loan on a property that is in a state where I work.  I plan to live in this property for a year and then rent it out.  One month later I get a job with a different company in a different state about an hour away from where this property is located.  I decide to get an apartment closer to where my new job is and rent out the property that I acquired with a 5% conventional loan.