Owner Occupied Loan, can I STR the unit?

[Sergio Orjuela]

Hi all,

So I'm planning on purchasing a duplex under a conventional or FHA owner-occupied loan. The loan terms state I have to occupy the property for at least year. I don't see myself living in the unit until 8 months from now, when I get married. After which I'd be spending 100% of the time living in the duplex.

Until then, I'd rather just be at home with my parents and airbnb the unit until then, if legal and possible of course. 

Is there a way I lease out the duplex say for STR for some of the time without getting into trouble with the loan? What If I decide to STR only the weekends and live there only during the weekdays?

I'm open to any and all suggestions!

[Tim Herman]

@Sergio Orjuela You just posted on a public forum that you are going to commit mortgage fraud. You need to occupy the duplex within 60 days not 8 months. You might not get caught but the penalties can be 30 years in a Federal pen and 1 million dollar fine. If you want to move in later then buy later. I don't know if STR renting on the weekends would meet the requirements of owner occupied.