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Updated over 7 years ago on . Most recent reply

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115
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Ryan Koehler
  • Arlington, VA
40
Votes |
115
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FHA Loan Question - Need guidance!

Ryan Koehler
  • Arlington, VA
Posted

Here is my situation: Currently looking at a 4-unit deal, the property meets all necessary qualifications for the FHA program and I meet the requirements for the loan. Assume that all numbers work and the deal is a slam-dunk from a financing perspective. Is there a way I can still get the loan without living in one of the four units from day 1 (leaving one of the four units vacant and renting elsewhere)? Perhaps still listing my address as the FHA property but choosing to live elsewhere for the first year? I work about 50 minutes from the subject project so the commute is still realistic.

Thank you in advance. I really appreciate any advice!

Most Popular Reply

User Stats

227
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287
Votes
Gwen Fyfe
  • Rental Property Investor
  • Cleveland, OH
287
Votes |
227
Posts
Gwen Fyfe
  • Rental Property Investor
  • Cleveland, OH
Replied

Nope. There's no way to do that legally.

If you are asking "How will I get caught?", well, I'm not sure. But it's really not something you should mess with, and I'm sure you understand why it would be irresponsible to ask people on this forum how to best commit a crime.

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