<human>: Hello All,

I've been a lurker of r/personalfinance for the past few months and enjoy the advice and personal tales.

I'm not entirely sure if my question can be answered fully but here it is:

I bought a house about a year ago on a conventional single family Fannie Mae/Fred Mac loan. While I have enjoyed living alone I have the opportunity of taking on a  roommate. I am not in need of the extra income, however I have two additional bedrooms in my house that I never use. 

My question is would I be breaking the terms of the loan to rent out a room? From skimming over the documents the only thing that I can find is that I have to live in the house. I don't see any formal definition of single family on the documents other than this.

I am assuming I would need to notify my home owners insurance of an additional occupant. Has anyone on PF done this, and about how much did it increase the cost of your insurance?

I also know that there would be some tax implications as well.

Thanks!

Can you condense the text into a few key points?
<bot>: I bought a house a year ago on a conventional single family fredmac loan. What would be the insurance and loan consequences of taking on a roommate?