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I just bought a home in August. How long do I have to stay in it before I can rent it out?

by justin.75784 from Pleasant Hill, Ohio. Sep 21st 2015 Reply


Derick Condron (rightstartoregon)
#33 ranked lender in Oregon - 597 contributions

Depends on the circumstances. I would check with your current lender on conditions.

Sep 21st 2015
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Jesse Stroup (jessestroup)
#195 ranked lender in California - 589 contributions

Mortgage companies and investors like to see you in the home for awhile; now to my knowledge I have not seem a "time line" guideline stating that you have to stay in the property for x amount of time. Now, that being said. Life happens and maybe a job opportunity came up or a family member needs help or maybe there is some other reason like work hours were cut..something.

Sep 21st 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

Your individual circumstances will dictate that..but in general, all lender guidelines clearly state you are require you to stay in the home for at least 12 months if you purchased it as "Owner Occupied"... However, if you have an unexpected reason to move.. (new job or job transfer, moving closing to ill or aging parents, etc..) then it's possible to do it before 12 months.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Sep 22nd 2015
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