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Updated about 10 years ago on . Most recent reply

User Stats

42
Posts
11
Votes
Rebecca Peters
  • Bronx, NY
11
Votes |
42
Posts

FHA owner occupy loan... move in with tenants?

Rebecca Peters
  • Bronx, NY
Posted

I'm in the process of closing on a duplex that is fully occupied. I will be using an FHA loan that requires me to owner occupy the property. Is it possible to do this with a property fully occupied without asking one of the tenants to leave? One unit's least is up, so as of now, I will have to ask them to leave so I can occupy the unity. Or is it possible to keep those tenants and move into one of the bedrooms? Just trying to think creatively about how to keep the property fully occupied and owner occupy the property. Appreciate any feedback! Thank you!

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