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What is owner occupied status?

Owner-occupied status is an important consideration when financing a property. The Federal Housing Administration (FHA), for example, will only insure owner-occupied homes . VA and USDA loan programs are also reserved for owner-occupied properties.

What is an owner occupied property?

An owner-occupied property is a piece of real estate in which the person who holds the title (or owns the property) also uses the home as their primary residence. The term “owner-occupied” is commonly associated with real estate investors who live in a property and rent out separate spaces to tenants.

Is an owner occupied property a good investment?

An owner-occupied property can be a great option for both real estate investors and home buyers searching for their primary residence. The attractive financing opportunities make this type of homeownership worth pursuing. Ready to invest in an owner-occupied property as your next real estate investment?

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