Owner Occupancy Ratios for condo complexes are irrelevant for owner-occupant buyers and borrowers, if the condo complex has 5 or more units.
2 to 4 unit condo complexes must be over 50% owner-occupied no matter what.
Investors financing condos can only get financing if the owner-occupancy ratio is over 50%, irrespective of the size of the condo complex.
Only investors and 2 to 4 unit buyers need to worry about “owner occupancy ratios.”
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