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Updated about 8 years ago,
Legal length to stay in home on loan
Hey BP,
I am in the process of purchasing a duplex. I am doing an owner occupied conventional loan. One side of the duplex is already rented out.
How long do I legally have to live in the residence before I can move out of the second unit? I know with an FHA loan it is 12 months, but I am not sure about conventional.
Any help would be much appreciated.
Thank you,
Ryan B.