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Summer sublet for Home Path Mortgage?
We bought a townhouse using a Home Path Mortgage. My husband will be working out of state this summer for 2 months. The mortgage agreement states we cannot use the property as a rental unless we refinance to a conventional mortgage. Does that include a short term, temporary rental? We would be leaving all of our furniture and the majority of our personal belongings.
3 Answers
- realtor.sailorLv 77 years ago
Yes, renting is renting no matter the term. I sell FNMA homes and they have been known to check occupancy after closing.
Source(s): I'm a Realtor