Owner Occupied Loan on Tenant Occupied Property

[Christian Bateman]

Hi All,

I'm wondering if anyone has dealt with owner-occupied loans on tenant occupied properties? How does this work? I understand you have to honor a lease agreement when you purchase a property, but does this also mean you can only get owner-occupied loans on properties that are vacant? Assuming the renters aren't month-to-month.

Any help is appreciated. Thanks!

Christian