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Updated over 4 years ago,
FHA Loan - Job Relocation With COVID
Hello All,
I just graduated and was planning on moving to one of the more expensive cities to start my fulltime job and obtain an FHA loan for my first house hack. Because of the virus, I will now be working from home until at least January. Since the city where my work is located has extremely high prices I would be much happier to have my house in another state. I was wondering since job relocation is an exception for leaving early from an FHA loan, would that also count for remote work? My plan would be to get a property in a cheaper state with an FHA loan and live in it until January. Then when the remote work requirement is lifted and I have to go back into the state where my original work is, is that acceptable as work relocation?