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Updated almost 7 years ago on . Most recent reply

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72
Votes |
162
Posts

FHA loan experts needed.

Account Closed
Posted

Just want to make sure I am able to do this.

I have owned my primary residence since 2008, before I was married. I am the only one on title and FHA loan.

Wife owns a house, free and clear, out of state.

We are attempting to buy a fourplex under her name only with FHA. If it matters, it will be more than 50 miles from my house.

Thanks!

...and yes we will owner occupy for at least a year.

Most Popular Reply

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72
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162
Posts
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Replied

@Albert Bui thank you sir for this reply. 

Luckily we meet all those requirements if any come up. 

We are 145 miles from this area. 

She can qualify w/o the rental income. 

I read an article on BP about SS rule which I had never heard of. Most likely yours! The numbers also meet this requirement

So sounds like we can make it work. Thanks again. 

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