Needing some advice on ethics

[Jesse Weiler]

Hey everyone I am from Lancaster Pennsylvania and I just look at a house with 3 units in it. It is not on the market and the price that is being ask would make it a decent cash flowing property. 

So I talked to a loan officer at a local bank for some options and for a conventional loan he gave me 2 options. #1 would be paying the 25% down on a 30 year loan. #2 If I move into one of the units they would give me the loan for only 5% down. 

Here now is my question, due to where I am living it is not an option for me to move but the loan officer told me that there is no set time I have to live in the property so I could "move in" for like 1 week and then start renting it out again and as long as I keep making payments the bank would not ask questions. 

Has anyone done this? 

Would you advise it?

I have not been in real estate very long and I am striving to keep all of my business dealings honest and above reproach!!

Any Questions please ask.

Thanks   

[Wayne Brooks]

What your loan officer is suggesting is loan fraud, which is criminal, forget about ethics.