as the title suggests we are looking to purchase a house to live in using owner occupied financing. 5% down conventional. We found a house that we like, but it is currently rented out to tenants. Their lease ends on 10/31.
we fully intend on moving into this house once the tenants lease is up. Typically, in order to use owner occupied financing, we have to move into the house within 60 days of close and live there for a year.
Assuming close takes about a month, it’ll be longer than 60 days til we can move in. Does anyone have experience with an issue like this? Would we still be ok using owner occupied financing, even if it takes a little longer than 60 days to move in?