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Updated about 9 years ago on . Most recent reply

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37
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8
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Crystal Perez
  • New York City, NY
8
Votes |
37
Posts

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?

Most Popular Reply

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1,264
Posts
977
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Logan Allec
  • Accountant
  • Los Angeles, CA
977
Votes |
1,264
Posts
Logan Allec
  • Accountant
  • Los Angeles, CA
Replied

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

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