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Updated about 4 years ago on . Most recent reply

Dimitri Savidis's profile image
Dimitri Savidis's profile image
Dimitri Savidis
  • New to Real Estate
  • from Boston, MA
  • Member since Aug 26, 2018
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9
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Dimitri Savidis's profile image
Dimitri Savidis's profile image
Dimitri Savidis
  • New to Real Estate
  • from Boston, MA
  • Member since Aug 26, 2018
Connect
Dimitri Savidis
  • New to Real Estate
  • Boston, MA
8
Votes |
9
Posts
Private Lending & Conventional Mortgage Advice

Disclosing intentions while applying for FHA loan

Dimitri Savidis
  • New to Real Estate
  • Boston, MA
Posted

I plan on acquiring my first property this year through an FHA loan. I'm eyeing multi-unit for monthly cash flow.

I mean to treat this purely as an investment property and will bite the bullet of living in a property for a year. Given the purpose of the FHA program, would it be wise to hide my intentions to prospective lenders?

Thanks!

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