Скачать или смотреть What am I signing regarding a commitment when purchasing as a primary residence?

Buying a home as your primary residence comes with an important commitment — one that’s built into your loan terms.

We explain what you’re agreeing to when you purchase a property as a primary residence:
➡️ You must move in within 60 days of closing.
➡️ You’re expected to live there for at least one year.

This is a legal agreement tied directly to your mortgage. Misrepresenting your intent to occupy the home could be considered mortgage fraud, which carries serious consequences.

If your plans change before closing, it’s crucial to communicate with your lender right away. Being transparent keeps you protected and ensures your loan stays compliant.

✅ In this video, you’ll learn:

What “primary residence commitment” really means

How long you must live in the home

Why occupancy rules matter for your mortgage

The risks of misrepresentation

How transparency protects your loan and reputation

Reach out today — we’re here to help you navigate your home purchase confidently and responsibly.

What am I signing regarding a commitment when purchasing as a primary residence? | Jeremy's Corner

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Disclaimer: Information provided in this video is for educational purposes only and may vary by lender, program, and borrower profile. Loan eligibility and credit requirements are determined on a case-by-case basis through automated underwriting and program-specific guidelines. This does not constitute credit, legal, or tax advice. For personalized guidance, please contact a licensed mortgage professional.

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