Loan Officer Accused me of Being Unethical by House Hacking

[Tom Conant]

I'm looking to do my first house hack in Fresno, Ca. I stated I was planning to live in the property for a year, and then look for another so I could take advantage of the favorable financing that would qualify me for. Because of that, I am looking for a property, first and foremost, that I consider a good investment. I spoke with a loan officer my agent recommended and had a number of questions about conventional vs FHA loans, and often I would express that I was looking for an education of what my options were depending on what property came available that I would want to move on.

For example, I said I did not know if I wanted to buy a duplex, triplex, or 4-plex, and that it would depend on the relative value I saw.

I also asked about USDA loans as I live in a city with a neighboring rural area, and he said he has never done a USDA loan but would get back to me.

At this point the conversation shifted.  He asked me what my intentions were, and if I was planning on lying and moving out after only a couple months.

I want to be fair to him.  He has a license to protect, and I understand that if I was actually planning on moving out prematurely that he wouldn't want to do business with me.  I get it.  I wouldn't do business with me either if that was my intention.

I explained again what I was trying to do and that seemed to satisfy him.  In an effort to relieve the tension he said he just had never worked with someone who was trying to do what I was trying to do.

My question is this: is house hacking that unusual?  Does this suggest a lack of experience/knowledge on his part?

If I'm being honest here, it pissed me off, but I'm trying to put that aside.  I'm here to make money, and maybe that even speaks to his credit that he was willing to be very upfront with me about his concerns.

Just want to get some other thoughts and insights.  I'm still figuring out what I think about it.

Appreciate heads with more experience and cooler than mine at the moment.

[Brittany R.]

Either way, you are going to fulfill your mortgage loan commitment...1 year of actually living there. Who cares what he thinks? If he seems to still have a problem with it, move on to another lender.