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Updated over 10 years ago on . Most recent reply

User Stats

70
Posts
14
Votes
Rachael Collins
  • Investor
  • Frazier Park, CA
14
Votes |
70
Posts

HAMP Loan - non owner occupied after a certain period

Rachael Collins
  • Investor
  • Frazier Park, CA
Posted

I am hoping to find out if a house under a HAMP loan has to be owner occupied for the full term of the loan, or is there an "owner occupancy period" as I have heard of for FHA loans that would then allow the borrower to move out and rent the property.

Most Popular Reply

User Stats

70
Posts
14
Votes
Rachael Collins
  • Investor
  • Frazier Park, CA
14
Votes |
70
Posts
Rachael Collins
  • Investor
  • Frazier Park, CA
Replied

@Joe Impagliazzo 

Though I am mystified by the subject of lending, those were my thoughts (running along the same lines as the due on sale clause for a sub2??), and all payments are and have been current.

Thanks for your response!!

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