Financing Owner-Occupant Homes Versus Non-Owner Properties
This guide covers owner-occupant homes versus non-owner properties. Financing owner-occupied homes offers the best interest rate, the lowest down payment requirement, a higher debt-to-income ratio, and the best mortgage terms out of all mortgage loan programs. Mortgage lenders view owner-occupied home financing loans as less risky than second-home and investment home mortgages. The reason is…