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Updated almost 4 years ago,
Owner occupied financing
I’ve just rented out my current home and bought another new construction. My plan was to live in it for 6 months and repeat the process. Owner occupied financing allowed me to get $300k with 5% down and 2.875% interest. The loan says I must occupy the residence for 1 year. Is anyone really checking? As long as they are getting paid are they going to call my loan?