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Updated almost 3 years ago on . Most recent reply

User Stats

6
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5
Votes
Tim Adams
  • Saint Joseph, MI
5
Votes |
6
Posts

FHA Loans and understanding their guidelines

Tim Adams
  • Saint Joseph, MI
Posted

Hey all, I am not new to Bigger Pockets but I am new to home buying and am in a place where I want to actively pursue purchasing my first property. I have looked through many markets and am looking for the best option for myself. The question that I have is in regards to FHA loans and multifamily investing as a house hack. I know that in order to use an FHA loan to but multifamily I must live in one unit to comply with "owner occupied" restrictions with the loan. How does this work if I travel for work and may or may not be physically at the home for a large portion of the year? I work as a travel nurse and go to various cities in different states frequently and am wondering about the logistics of this move. If I were to use an FHA do I need to provide proof that I am a full time occupant and resident of the state to comply? Or is my traveling allowed within the guidelines of this loan? If anyone has some insight I would greatly appreciate it. Thanks!

  • Tim Adams
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