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Owner-Occupancy Ratios For Condos

This is another reminder to agents with clients looking for investment properties.

Investment (non-owner-occupied) condos must be in a complex with an owner-occupancy ratio above 50%.

Owner-occupied buyers, however, can obtain financing for condos no matter how low the owner-occupancy ratio is.

Again – the only time owner-occupancy ratios matter is when a buyer is an investor.

There is one other ratio investors should watch out for in complexes with a high proportion of rentals: Owner Concentration.

No one owner is allowed to own more than 20% of the units in a complex. This is often an issue in smaller complexes.

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Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 1197176, NMLS# 310167

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