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Updated about 9 years ago,

User Stats

4
Posts
0
Votes
Jake Wakefield
  • Investor
  • Philadelphia, PA
0
Votes |
4
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FHA Loan - How likely is it that they check your residence?

Jake Wakefield
  • Investor
  • Philadelphia, PA
Posted

To qualify for an FHA loan, you need to live in the property for 1 year.

While I intend to live in my new property for 1 year, I will also spend a considerable amount of time at my brother's house and my mother's house. I will probably have my "own" room at both of these houses.

Is this okay for the FHA loan if I don't spend every night in the new property? How often do they check to see if you are around and what kinds of checks do they do to see if the property is your "primary residence"? Do they knock on your door?

Thanks for any help or information on this topic. I just don't want to accidentally break the rules of the FHA loan that I want to take out.

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