Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 15 years ago on . Most recent reply

User Stats

21
Posts
0
Votes
Steve Chenoweth
  • Philadelphia, PA
0
Votes |
21
Posts

How long is "Owner Occupied"?

Steve Chenoweth
  • Philadelphia, PA
Posted

First time home buyer. I want to consider myself owner occupied in order to qualify for an OO mortgage, and to have more RE deals open to me. However, I intend on moving out of the house after a year and leasing out to tenants.

If I moved out of this house before a year, would I run into problems with agents and/or mortgage brokers in considering me a "liability" to their operations? If so, what is a safe "ballpark" timeframe for owner occupancy?

Loading replies...