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Updated over 4 years ago,
FHA loan on 4 plex possible
Hey everyone, first post here.
I was wondering about my options on a loan for a 4 plex and using FHA loan Financing.
My question is do you really have to live in one of the units for a whole year in order to qualify for the FHA loan? Reason I'm asking is because I just heard Grant Cordon saying on his radio show that all you to do is tell the bank you plan on living there and they really won't care if you don't. Any one familiar with this? Would work out great for me If I didn't have to live there because I'm living rent free now.