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Updated almost 4 years ago,
Owner-Occupied Loan Limitations
Hi all, I am looking for some information regarding owner-occupied loans.
Situation:
I purchase a property in state A with low-money down owner-occupied conventional.
I decide to move to a new state, state B (because my job is remote). Can I now purchase a property in state B with an owner-occupied loan if I decide to make this my new residence?
What are the contingencies, restrictions, legalities here?
Thanks in advance.