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Updated almost 6 years ago,
FHA Loan for a single family home converted into Multi family
Hello all!
I had a general question and was curious if anyone could point me in the right direction. I was wondering if anyone has ever used an FHA mortgage for a single family home, then while living in it converted it into a multi unit property to actively rent out. Would I have to refinance after the conversion? The end goal would be to refinance into an LLC after the conversion is complete, but was curious if FHA requires a refinance once it is no longer a single family home.