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Updated about 3 years ago on . Most recent reply

User Stats

360
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323
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Ryan Cleary
Agent
Pro Member
  • Real Estate Agent
  • Saint Lucie, FL
323
Votes |
360
Posts

How far away from work can I use an fha loan?

Ryan Cleary
Agent
Pro Member
  • Real Estate Agent
  • Saint Lucie, FL
Posted

Is there a certain distance in miles or driving time that would disqualify me from buying in a certain area for using an FHA loan?

For example. About an hour away from where I work is an area that would be an excellent airbnb location after my one year residency.

I would love to get a solid property with a low dp but the distance from my job is my only concern with underwriting.

  • Ryan Cleary
  • [email protected]
  • 561-850-8229
  • Most Popular Reply

    User Stats

    1,584
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    Michael Dumler
    • Real Estate Agent
    • Atlanta, GA
    1,684
    Votes |
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    Posts
    Michael Dumler
    • Real Estate Agent
    • Atlanta, GA
    Replied

    @Ryan Cleary I have never heard of an FHA distance requirement. The only rule of concern is that you occupy the property as a resident during the first year of purchase.

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