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Updated about 14 years ago on . Most recent reply

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Mehran K.
  • Investor
  • Wichita Falls, TX
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3,405
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FHA - How long must I occupy?

Mehran K.
  • Investor
  • Wichita Falls, TX
Posted

I'm entertaining the thought of using an FHA loan to finance a fourplex that will cash flow when I move out(if I can find one where the numbers work out with a low down payment) and then move into my first single family home afterwards with a conventional loan.

Is there a specific guideline for how long the owner must occupy a property bought with an FHA loan?
I read somewhere as long as I can prove my "intent" was to live there. I don't know the details of that.

Thanks so much in advance. I love this site by the way. Everyone is so helpful.

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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Here's a post on this topic from about two years ago:

http://www.biggerpockets.com/forums/20/topics/21208-simple-fha-question

Pretty sure you've blown the intent questions possibility. Just try googling your name and FHA intent.

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