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Updated over 9 years ago,
FHA loans, having my son as the owner occupant
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?