I bought my first primary home, can I rent it out before the 12 months period? I have no plans to invest in another property.

When you bought your home owner as owner occupied, you got the lower interest rates and guidelines for living in the house. Investment property loan rules are more strict, come with bigger down payment requirements, and higher interest rates, You also signed paperwork that said you would live in the house for at least a year, after which time you can do whatever you want. Many people commit mortgage fraud by claiming a rental as an owner occupied home. As long as at the time of purchase versus today, there is a very valid reason for turning it into a rental, that you didn't know of when originally buying it, you'll be fine. For example you bought it, then lost your job, and took a new one in another state. I lend for properties in WI MN IA ND SD. Find me at WI-MortgageBroker.com Cambria Mortgage, NMLS 274132