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Updated about 5 years ago on . Most recent reply

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Alan Nogier
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5
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How to aquire 3.5% down FHA Loan without Living in th unit

Alan Nogier
Posted

I am trying to take advantage of a 3.5% down FHA loan by purchasing a duplex in Wisconsin for my Grandma and one other tenant to live in while living in California. I don't know how to go about declaring it a primary residence if I work in California. I do have an online business and have Wisconsin license that I might be able to use but legally I don't know if this is possible. Please comment advice.

Thank you,

Alan

Most Popular Reply

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154
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Scott Rogers
  • Rental Property Investor
  • Neenah, WI
105
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154
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Scott Rogers
  • Rental Property Investor
  • Neenah, WI
Replied

Can your Grandma qualify for the loan if you co-sign?  Just throwing it out there.

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