Innovative Strategies
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago on . Most recent reply

Renting out my primary residence
I need to move out of my current home. Unforseen circumstances have occured. I purchased the home within the past 3 months. This is a conventional mortgage. FNMA has already bought the loan. My lender, 5/3 bank told me I am free to move out and rent the property out as long as I clear everything with the county/city. They told me because it is conventional, I do not need an occupancy waiver. Should I investigate further? I don't want to be Charged with mortgage fraud.