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Updated about 9 years ago on . Most recent reply

Crystal Perez's profile image
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Crystal Perez
  • from New York City, New York
  • Member since Feb 18, 2016
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Crystal Perez's profile image
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Crystal Perez
  • from New York City, New York
  • Member since Feb 18, 2016
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Crystal Perez
  • New York City, NY
8
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Starting Out

using FHA for out of town REI

Crystal Perez
  • New York City, NY
Posted

An FHA is the best way to get started for myself but my area is too expensive I would need to invest out of town. Can I still use an FHA stating ti will be owner occupied even though its obvious it will not be my primary residence since my work is elsewhere?

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Logan Allec
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  • from Los Angeles, CA
  • Member since Nov 3, 2014
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Logan Allec's profile image
Logan Allec
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  • from Los Angeles, CA
  • Member since Nov 3, 2014
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Logan Allec
  • Accountant
  • Los Angeles, CA
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Logan Allec
  • Accountant
  • Los Angeles, CA
Replied

No.  What you're proposing is mortgage fraud.  Don't do it.

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