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Updated almost 4 years ago on . Most recent reply

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50
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34
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James Elden
34
Votes |
50
Posts

Can you normally rent any home full-time after one year?

James Elden
Posted

I'm in the process of looking at buying a home that I would live in about half of the year and rent out the rest of the time as a short term rental. From talking to some lenders I may be either able to use a primary home loan or a second home loan (with 10% down). I'm wondering if generally for any loan where you are getting it as a house to live in, is it usually the case that after one year you can convert it to a full time rental? I may end up buying a different home after one year to live in full time so that's why I'm wondering.

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