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Updated over 9 years ago,

User Stats

65
Posts
10
Votes
Dan Graney
  • Machine designer
  • Columbiaville, MI
10
Votes |
65
Posts

FHA loans, having my son as the owner occupant

Dan Graney
  • Machine designer
  • Columbiaville, MI
Posted

Was wanting to us an FHA home to buy a multi-family property. My son is looking for a place to live and I want to use him as a property manager. I am wanting to use an FHA loan because I do not have a lot to put down. I went to the FHA website and they do have a provision for more than one person to be on the loan and both do not have to live their under certain circumstances. One of the ways that this is allowed is if the co-owners are blood relatives. Here is where I found this rule

http://www.fha.com/fha_article?id=513

So the question is how do I legally put my son on the loan?

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