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Updated over 5 years ago,
FHA question - qualifying events
Hi Folks - I am looking to purchase a property as an owner occupant (either low money down conventional, or FHA). I am hopeful to purchase a property in the next 3-4 months.
There is an outside chance that in the initial year of being an owner occupant, my full time job will relocate out of state. Would this be considered a qualifying event to no longer occupy my property and rent it out? I’m assuming so, but wanted some confirmation.
The relocation is very hypothetical at this point and I don’t want a job relocation to slow down my plans to purchase a home.
Thanks in advance.