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Updated over 3 years ago,

User Stats

66
Posts
33
Votes
John Anderson
33
Votes |
66
Posts

Need to leave home in the middle of FHA203K construction

John Anderson
Posted

Hello I am currently in a bit of a difficult situation at the moment. I am in the middle of fixing up a duplex that I had planned to owner occupy using a FHA203K loan. However, my employer is asking me to come back to the company headquarters (I am currently a remote worker) and I am worried that I am going to get in some trouble with my lender because I have not lived in the property for a full year. Is anyone familiar with the consequences of someone having to leave an FHA financed home within one year of purchase?

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