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Updated about 4 years ago on . Most recent reply

User Stats

236
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133
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Manco Snead
  • Investor
  • Spokane, WA
133
Votes |
236
Posts

Definition of Owner Occupied

Manco Snead
  • Investor
  • Spokane, WA
Posted

Greetings all,

I’m hoping to get some feedback on the definition of owner occupied. Example: I buy a single family with a conventional owner occupied loan. Then I want to house hack. Where do I need to live on the property? If I convert the detached garage and live in it while renting out the house will Fannie and Freddie be paying me a visit at some strange hour of the night?

Much thanks.

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