Who qualifies as "owner" for owner occupied financing?

[Pepper Bradford]

Looking at a 10 unit apartment building. If I added my adult son to the purchase and/or LLC, could he live there & satisfy the owner occupant requirement and therefore enable us (my wife and I) to qualify for the smaller down payment? He's a long haul trucker, so he doesn't really care much where he lives.

[Nicholas Coulter]

@Pepper Bradford with the size of the apartment building you are going to be qualifying for commercial financing. To the best of my knowledge you wont be able to get the same benefits as small multi family with owner occupant loans.