Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
FHA Loan with Girlfriend?
Hi! My girlfriend and I want to dip our toes into investing and was looking out of state.
I was wondering if we would be able to get an FHA loan as a joint tenancy while unmarried. I read that they would allow if we both live in the property for a year together we wouldn't have problems but if only one person occupies in the home we would pay 25% of the loan (which wouldn't make sense to do an FHA).
If that is true, would it be possible to have me do an FHA loan myself, live there for a year, once I move out I add my girlfriend to the property as a joint?
I want to add my girlfriend to the property because she can provide me the other half of the capital I need to invest. We have been together for 7 years now as well.
Thanks!