Assuming an existing FHA mortgage- as an investor

[Brock Thomas]

Purchasing a home for $92,000 with an existing FHA 15 yr fixed at 3.5%, 11.5 yrs left on the note. The balance is about $77,500. The loan is with Bank of America. I called them today about assuming the loan. They said I had to owner occupy the property to do so. Without lying is there a way to do this? I’ve bought a lot of homes but mainly finance with my local bank. These are great terms I’d love to take advantage of. I would appreciate your help and hopefully can pay it forward soon.