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Updated about 9 years ago on . Most recent reply

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276
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Jeremy Jackson
  • Real Estate Agent
  • Brandenburg, KY
68
Votes |
276
Posts

FHA loan question, what if I'm forced to move early?

Jeremy Jackson
  • Real Estate Agent
  • Brandenburg, KY
Posted

I'm considering an FHA loan for my next property. It will be owner occupied. As a military service member, there's a possibility that I may be required to relocate prior to the FHA 1 yr occupancy guidelines. Is this an issue? Anyone experienced this or something similar?

Most Popular Reply

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Chris Mason
  • Lender
  • California
10,788
Votes |
9,934
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Chris Mason
  • Lender
  • California
ModeratorReplied

Nah. If you can show that you had orders dated after the deal closed, no one can question that you intended to live there for at least a year.

You don't have control over when you get ordered to crazy places far away from Ft Knox.

  • Chris Mason
  • Loading replies...