Posted by Jesse on August 13, 2004 at 20:09:34:
To qualify as owner occupied, you must occupy the property within 30 days. Depending on the distance from your current residence and credit scores, you could state it as a second home.
Jesse
Owner-occupied financing on duplex - Posted by Jerod
Posted by Jerod on August 13, 2004 at 19:19:19:
My wife and I are purchasing a duplex for $135,700. This will be our first home purchase. We intend to occupy it as soon as one of the sides opens up (both sides are currently leased through spring of next year). Is there any financing program that anyone knows of that will see this as “owner-occupied” even though we can’t occupy it for about 7 months? How about any hints on persuading one of the tenets to move out early?