Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

161
Posts
38
Votes
Joshua Hollandsworth
  • Cleveland, OH
38
Votes |
161
Posts

Do I have to live at my Owner-Occupied home every day

Joshua Hollandsworth
  • Cleveland, OH
Posted

When purchasing a home using an owner occupant loan, Do you have to sleep at that house every day? I know it is a weird question. Here is the scenario, my lender has approved of renting my rooms out through an owner occupant loan, as long as I live there. This will be my first and only residence for atleast 1 year. However, my parents are suffering from medical conditions and I need to stay with them 5 nights a week. I intend to be at the house I purchase every day, and sleep there 2 days a week. All of my belongings will be there. I will not be changing my address in any way shape or form. This will be my only house, which I access every day. I am NOT trying to cheat the system. I just want to make sure I am complying with all rules. I told my lender the situation, she says "there is no amount of days you must sleep there, you must simply use this as your primary residence" This will only be temporary, as my parents are slowly making a recovery from their conditions. Thanks for the help

Most Popular Reply

User Stats

2,664
Posts
1,863
Votes
Dawn Brenengen
  • Real Estate Broker
  • Raleigh, NC
1,863
Votes |
2,664
Posts
Dawn Brenengen
  • Real Estate Broker
  • Raleigh, NC
ModeratorReplied

@Joshua Hollandsworth  I think you are fine to still consider this an owner occupant situation.  I wouldn't worry about it.  

Loading replies...