Owner Occupied Finance Scenario

[Tom Horan]

Hi Folks - I’ve looked at quite a few posts but nothing seems to answer my question. I live in Colorado if it matters at all.

House 1: SFR purchased with owner occupied conventional loan 2.5 years ago.

House 2: SFR purchased with owner occupied conventional loan 1+ year ago.

Scenario: I want to refinance House 2 to a better interest rate. If I refi now as an owner occupant, are there lender/legal expectations that I stay in that property for any duration? Looking to potentially purchase House 3 in 4-5 months with owner occupied financing again and want to make sure I'm not shooting myself in the foot by refinancing House 2. DTI will be fine - I'm not worried about that - more so the legalities of this strategy. House 3 will also likely be conventional financing with 5% down.

Thanks in advance for the advice.