Conventional 97 Refi Rental?

[David Slovak]

Hi,

I was very curious to know if anyone has anymore details on this type of loan.

I was hoping to get out of my FHA to then be able to use it for a MFR should a good deal present itself, however, I have read that the home must be owned occupied.

Does anyone know if the property has to be owner occupied for a certain amount of time before becoming a rental? Or if renting a Conventional 97 property is simply not allowed?

Any help would be greatly appreciated.