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Updated over 5 years ago,

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Joseph Novicky
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FHA minimum owner occupancy ratio

Joseph Novicky
Posted

Hey BP Community,

I am a new Real Estate Investor trying to buy my first property but I keep running into the same problem. Every time I want to make an offer on a condo my realtor says I am not allowed to due to the FHA minimum owner occupancy ratio. This basically means that I cant receive a Loan from a bank if more than 50% of the units in the complex are already being rented out. 

My question is do you guys know a way around this rule? Are there any other loans that I could use to start buying properties that dont meet the FHA minimum owner occupancy ratio? Thanks for the help!

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