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loan occupancy requirement for primary residence

Started by yanjianfan_1661325
about 10 years ago
Posts: 3
Member since: Apr 2015
Discussion about
As far as I know, banks generally require you occupy your primary residence at least one to two years after loan closing. But my bank told me they don't have minim occupancy requirement. I really doubt about it. Am I wrong?
Response by streetsmart
about 10 years ago
Posts: 883
Member since: Apr 2009

Some banks don't have a minimum requirement for occupancy, some require occupying the premises for a year. The key thing is intent. If there is a minimum requirement it should be in the loan documents.

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Response by streetsmart
about 10 years ago
Posts: 883
Member since: Apr 2009

Some banks don't have a minimum requirement for occupancy, some require occupying the premises for a year. The key thing is intent. If there is a minimum requirement it should be in the loan documents.

Ignored comment. Unhide

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