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Updated about 5 years ago,

User Stats

47
Posts
24
Votes
William Thresh
  • Developer
  • Syracuse NY
24
Votes |
47
Posts

FHA Loan but there are leases on the property.

William Thresh
  • Developer
  • Syracuse NY
Posted

Hows it going guys. I am looking at a two family property now and would like to purchase. I am going with a FHA owner occupant loan. The issue is they both have leases and the earliest expires 05/31/2020. I know it will take about two months to close in New York State but that leaves me with almost 4 months until I can move in. What can I do about this? will FHA allow me to wait it out? Thanks



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