Posted by River City on June 08, 2009 at 11:33:25:
In Reply to: How Soon Can Someone Go From Owner Occ'... posted by IB (NJ) on June 07, 2009 at 08:37:05:
Your mortgage or security instrument will state the required time for owner occupancy for an FHA loan. If you do have a life changing event that necessitates your leaving the property, then be sure to contact your lender and be up front with them. Just remember that if they can prove that your life changing event is not real, they have the right to call your full loan amount due and payable on demand, as this is a form of fraud.