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Updated over 1 year ago,

User Stats

34
Posts
10
Votes
Alton Johnson
  • Investor
  • Atlanta, GA
10
Votes |
34
Posts

What happens if you rent your home before your year is up with an FHA loan?

Alton Johnson
  • Investor
  • Atlanta, GA
Posted

If someone gets a FHA loan and decides to move within a year (although I assume they're "required" not to within a year), what exactly happens? I've witnessed someone do this before and absolutely nothing happened. I know that this is sort of a grey area question and I imagine many people do this, but I'd be curious if anyone's had any bad experiences of this happening. The only thing I've seen from research is that it's required to stay for a year, but no specific details around the consequences.

EDIT: Nevermind -- just found a conversation regarding this in another post, but I don't see a way to delete this post.

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