Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

193
Posts
60
Votes
Justin B.
  • Lakewood, OH
60
Votes |
193
Posts

AirBnB illegal under FHA loans?

Justin B.
  • Lakewood, OH
Posted

I was perusing some closing work when I came across a form that talks about Hotel and Transient Use of Property Form Sec 513.a states that "long as mortgage insurance is outstanding, no portion of the housing covered by any such mortgage shall be used for transient or hotel purposes."

So does everyone who has an FHA loan with mortgage insurance not allowed to do AirBnB because of this rule? I am sure many people disregard it, just was wondering.

Appreciate any replies!

Most Popular Reply

User Stats

287
Posts
29
Votes
Atwan Kwan
  • Property Manager
  • Rockville, MD
29
Votes |
287
Posts
Atwan Kwan
  • Property Manager
  • Rockville, MD
Replied

interesting..... i know a lot of municipalities are cracking down on it.....

i wouldn't suggest it in a quiet community with neighbors in close proximity.....

it's a tough business....

Loading replies...