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Updated over 6 years ago on . Most recent reply

User Stats

151
Posts
13
Votes
Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
13
Votes |
151
Posts

Is this mortgage fraud???

Allen Lopez
  • Rental Property Investor
  • Baton Rouge, LA
Posted

Ok so I know what you are thinking.....”this guy is about to get arrested” lol

Well no. So I am buying a property as my primary residence. I am getting a mortgage and I did state to the lender that I intend to live there.

I will live there. But it's a 3/2 SFH. To be honest it's a lot bigger than I need. I was thinking of renting out the the other two rooms to coworkers. Is this mortgage fraud?

I wouldn’t think so because I will still live there. But I wanted to check in before things move too far.

Thanks in advance BP

Most Popular Reply

User Stats

14
Posts
2
Votes
Mark Peeples
  • New to Real Estate
  • Oakland, CA
2
Votes |
14
Posts
Mark Peeples
  • New to Real Estate
  • Oakland, CA
Replied

No it is not mortgage fraud 

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