Owners-occupiers - residents who own the property in which they live.
Some loans are only available to occupant owners and not to absent owners or investors.
To be considered residential, occupants generally must move into the home within 60 days of closing and have lived in the home for at least a year.
The U.S. Department of Housing and Urban Development (HUD) offers special programs for those who plan to live on the property, such as the Good Neighbor Next Door Program, which offers a discount to first responders who have lived on the property for at least three years.