<prompt> Human: Ill try to make a long story short so I can get to my question. A friend and me purchased a house together a year ago in a fairly nice neighborhood, and got to know the developer thru the HOA I hate HOAs just for the record. But recent developments in the area raised the price of our house from the original 144k to 165k. Now the developer has 2 units left for sale and offered us a deal on the houses, so we could essentially start our own LLC renting them out. My question is the house we live in now is in my friends name, so hes looking for a VA loan to avoid 20 down, the only way I can get 3 down as a first home buyer is to tell the bank it will be my primary residence and Ill be living there. The unit is rented now and the people there just signed a new 1yr lease. Can I essentially lie to the bank to get my 3 down payment for first home buyer, then after I secure the mortgage and sign the papers have the renters sign my own lease?  <response>: Lying to a bank to obtain a mortgage is considered fraud and is a criminal act. Not worth it. 