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Updated almost 4 years ago on . Most recent reply

User Stats

224
Posts
83
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Keith Miller
  • Developer
  • Missoula MT
83
Votes |
224
Posts

How soon after an owner occupied mortgage can I get another one?

Keith Miller
  • Developer
  • Missoula MT
Posted

I'm having success with buying houses with owner occupied mortgages, putting in sweat equity, building an ADU, then repeating that process by renting out the old house and buying another. But I'm wondering how often I can repeat this process. I'd like to do it once per year, or possibly even faster, but I want to make sure I'm not violating any Fannie Mae regulations, because I really like putting down only 5%, which saves me cash for the ADU build.

Does anyone know how quickly I can get another owner occupied mortgage after my last one?

Thanks!

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