New Construction financing- occupancy affidavit apply?

[Account Closed]

Anyone know if you can obtain financing for new construction as a primary residence and then decide to sell upon completion?

[Jeff Rabinowitz]

Originally posted by @Account Closed:

Anyone know if you can obtain financing for new construction as a primary residence and then decide to sell upon completion?

 You can;  however, if you applied for an owner occupant loan and did not plan to live in the house you have committed fraud. That may not be prosecuted but it can be. The potential consequences are severe.