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Updated over 5 years ago,

User Stats

18
Posts
5
Votes
Bishoy Takla
  • Rental Property Investor
5
Votes |
18
Posts

Owner Occupied every year?

Bishoy Takla
  • Rental Property Investor
Posted

Hello PB,

I just bought a duplex with a 5% conventional Owner-occupied loan (home possible program)  and I plan to stay in it for the one-year requirement.

If my DTI allows, Can I get another OO loan next year for another property and move in this new house for another year? is this acceptable or frown upon or illegal? and if it is acceptable how many times can I do this?

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