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Updated almost 12 years ago,

Chuck Redman's profile image
Chuck Redman's profile image
Chuck Redman
  • Residential Real Estate Agent
  • from Pearland, Texas
  • Member since Jan 14, 2013
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User Stats

163
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32
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Chuck Redman's profile image
Chuck Redman's profile image
Chuck Redman
  • Residential Real Estate Agent
  • from Pearland, Texas
  • Member since Jan 14, 2013
Connect
Chuck Redman
  • Residential Real Estate Agent
  • Pearland, TX
32
Votes |
163
Posts
Private Lending & Conventional Mortgage Advice

FHA 203B / 203K residence requirement

Chuck Redman
  • Residential Real Estate Agent
  • Pearland, TX
Posted

I understand these loans can be used to finance say a duplex and you can live in one and rent the other.
My question is this requirement for the life of the loan? What if 2 years down the road you decide to move to a new property and want to lease both sides of the duplex. Do you have to refi?

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