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Updated almost 11 years ago on . Most recent reply

User Stats

29
Posts
0
Votes
Inam Rehman
  • Duplex Investor
  • Atlanta, GA
0
Votes |
29
Posts

FHA Owner Occupied Terms

Inam Rehman
  • Duplex Investor
  • Atlanta, GA
Posted

I am looking to get an FHA loan on 3 unit where i will be living in one of the units. My question is regarding the term "Owner Occupied".

Lets say i keep one unit for myself and pay all bills etc but i live somewhere else? Is that legal and valid way to do it ? What if i set my personal address to that unit ? and my wifes address for where we actually live?

Just trying to understand what my options are? As the property im looking at is out of town where i work/live as of now.

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