Updated about 11 years ago on . Most recent reply

HAMP Loan - non owner occupied after a certain period
I am hoping to find out if a house under a HAMP loan has to be owner occupied for the full term of the loan, or is there an "owner occupancy period" as I have heard of for FHA loans that would then allow the borrower to move out and rent the property.
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Though I am mystified by the subject of lending, those were my thoughts (running along the same lines as the due on sale clause for a sub2??), and all payments are and have been current.
Thanks for your response!!