9 September 2021 | 3 replies
However, because they were good tenants I agreed via text message that if the unit could be occupied by April 1 and the unit was in good standing, I would give the security deposit back.
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9 September 2021 | 5 replies
If you have a vacant unit but that non owner occupied limit has been met, what is your plan?
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8 September 2021 | 1 reply
The program specifically states it is not for investors and you need to occupy, which means live and sleep there.
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8 September 2021 | 1 reply
The programs that allow a lower downpayment of 3-5% are going to require that the property be owner occupied for one year, and would also require PMI until 20% equity is achieved (conventional) or for the life of the loan (FHA).
9 September 2021 | 8 replies
Since the property is owner occupied, that seems to be a possibility.
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17 September 2021 | 10 replies
My sister is actually getting one right now at penfed (owner occupied, single family residence, 90% CLTV).
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12 January 2022 | 14 replies
Also @Alecia Loveless is correct that you'll be able to use 75% of the rents for the units you're not occupying as qualifying income.
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14 September 2021 | 5 replies
If you're looking to get something with quite a bit of hair on it, chances are you won't be able to get an owner-occupied loan.
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10 September 2021 | 3 replies
I'm looking at a 6 family in a rent controlled town that is fully occupied.
9 September 2021 | 2 replies
You would be able to qualify for a lower downpayment amount and lower interest rate if someone on the loan is occupying the property.