Tag Archive for: owner occupancy ratios

Mortgage Reminders: My Inconsistent Fed Comments; Rent Backs; Owner Occ Ratios; Attached PUDs/Townhomes; 12 Condo Considerations

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Here are a few random reminders. Powerless Fed Vs. Inflation-Causing Fed. In response to my recent blog about the Fed being “Powerless,” I got this comical point from an agent I […]Read More

Owner Occupancy Ratios; Appraisal Management Companies – Problems & Solution

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Reminder: Owner-occupancy ratios for condos are irrelevant if a buyer plans to occupy the unit; owner-occupancy ratios can be well under 50%. One of the primary reasons we left the […]Read More

Reminders: 60 Day Rent Back OK; Owner Occupancy Ratio For Condos

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A couple quick reminders: 60 Day Rent-Backs are almost always allowed. Owner-occupant buyers must take possession of a property within 60 days, or they will not be allowed to garner […]Read More

Owner Occupancy Ratios for Condo Complexes

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We are still getting questions about required Owner Occupancy ratios in Condo Complexes. At many of our lenders, if the financing is “Owner Occupied”, the owner-occupancy ratio is irrelevant. Again, […]Read More

Question HOA Owner Occ %’s; HOA Not Always Right

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We have an investor buying a condo. Condo complexes need to be over 50% owner occupied for “investor” financing. Owner occupancy ratios are irrelevant for owner-occupied financing. The HOA initially […]Read More

Condo Owner Occupancy Ratios Re-Visited; 2 to 4 Units – All But One

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We had many questions on Monday about Owner Occupancy Ratios and condos, so we want to reiterate this: If a buyer intends to occupy a condo, his financing will not […]Read More