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Owner Occupancy Ratios for Condo Complexes

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, Owner Occupied Buyers do not need to worry about Occupancy Ratios in most cases.

It is only when the financing is FHA or NON-Owner Occupied that the Owner Occupancy ratio must be above 50%.

The big Caveat for the Owner Occupied scenario is Mortgage Insurance. The MI companies do have occupancy ratio requirements that vary depending on the company and the LTV.

Owner Occupants with 20% down do not need to worry about occupancy ratios.


Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646