We r buying a house in Florida and want to rent it three months a yr. our mtg guy is saying the mtg company can call the loan due

If you are planning to rent the house make sure you're getting an investment property loan and you'll be fine.

Give me a call to discuss your options.714-403-6948

If you are purchasing a home and disclosing it as an "Owner Occupied" but your intent is to rent it out.. then yes.. he is correct.. you would be committing loan fraud. Even if your intent is to rent it out one day a year, you would be subject breaching your loan agreement.. If your intent is to rent the property out, then you would purchase the home as an "investment property" type, and you can rent it out as often as you wish.. 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