Is this mortgage fraud???

5 Replies

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

I've had more than one personal mortgage that I turned into a rental.  The paperwork just said I had to live there for 1 year.

Take a close look at your paperwork and hopefully it addresses the situation.