Primary Residence Question

[Jordan Roberts]

Hey everyone quick question without going into too much detail. 

If I buy a primary residence and leave it vacant eating the mortgage payments for 1 year until I can rent it out, is that typically acceptable by lenders? Or do they want to see you physically living in the house for the year? 

Thanks in advance!

[Jordan Roberts]

Originally posted by @Julio Garcia:

So you'll be living elsewhere? If that happens I suggest maybe renting out the other rooms so you're not "eating" the full bill.

Most lenders don't really care unless you miss payments. Through networking I've met some (to a lot of) ppl who use owner occupied loans but aren't really ocupying the home. Its not ethical per se, but no one is really gonna knock on your door to verify you live there. Just my 2 cents

 I will be starting another thread here soon with my actual reasoning for all of this, however before I waste people's time I just want to see if I'm even allowed to basically leave the house vacant or if they'll call the loan due.