Aloha,
Some of you might have tried to purchase a condo only to find out that there were not enough owner occupants. In other words there were numerous units owned by investors. In conventional lending as long as you have 20% owner occupancy is a non issue. If you do not have 20% down you are now generally looking at an owner occupancy ratio of 70%. This means that if you were looking at a 100 unit building 70 units would have to be occupied by owners that lived there.
NOW FOR THE GOOD NEWS
With a VA loan owner occupancy is a non issue however you yourself would have to intend to occupy the unit as your primary residence.
That's all folks.
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