Every so often, someone will be interested in financing for a home they will not be living in 100% of the time…they want the best rate which is “owner occupied”. It’s crucial to know the difference in your lenders eyes and to be completely upfront so you avoid unintentionally committing fraud. Bottom line, the property and situation need to make sense to the underwriter.
This popular article was originally published in 2008 and updated in 2026.
