Jesus Santoyo
Owner Occupied Financing
Hi All.
I hope I can get some feedback from you all
I work and live in the city of Chicago but am hoping to move to WI or IND in the nearby cities of Michigan City, Kenosha, or Racine just due to the slower pace li...
Felix Piper
Owner Occupied Loans
Whether FHA or conventional, what type of proof do you have to give that you will occupy a property to qualify for owner-occupied loans? If someone were to purchase a multi-family property (2 - 4 units) with the inten...
Grant Bublitz
Owner Occupied Duplex
Hi My closing date of Aug 12 is approaching on an owner occupied (FHA loan) Duplex.The purchase price was $115K at 3.5%down. The roof was replaced in 2007. The foundation/basement are excellent.The current tenant has ...
Chase Brauchie
Owner Occupied Fraud
Would my brother still be eligible for an owner occupied loan if I co- borrow on the loan but have no intent on living in the property? He would be occupying the property. Thanks!-Chase
Bradley Kesselman
Owner Occupied Requirement
I am about to purchase my second sfr rental property. I would like to put down 20% however it will not be owner occupied and I've been told that for investment properties lenders require atleast 30% down. Is there a w...
Eric Bunratty
Owner Occupied Financing
I have a 4-unit property, that I got investment financing on from a major bank: 25% down, 4.75% interest. I have a pretty unique work situation -- I travel and stay in hotels 95% of the year, so I don't need a "perman...
Josh B.
Owner occupied loan
I’m in the process of buying a home with an owner occupied loan. I’m suppose to close on it in a month and the week after closing i’ll be leaving to work in Hawaii for about 6 months. Can I rent some of the rooms out ...
Michael Sellers
Owner Occupied Loans
Hi everyone,I live in a more expensive market, so I’ve been considering using an owner-occupied loan as to only have to provide 3.5% (or something similarly low) for the down payment. I’m priced out of my local market...
Salah Siraj
Owner Occupied Eviction
I purchased a 3 family property at sheriff's auction and the property is occupied by the owners and possibly by tenants as well. I am looking for best way to approach the owner so they can voluntarily leave/move and c...
Calvin Penn
Buying occupied property
Hello. I just purchased a foreclosed property but it’s occupied. What should my next steps be to get the tenant removed? I purchased the home from an auction.