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Updated about 4 years ago,
FHA Loan occupancy question
My girlfriend and I currently own a primary residence in New York and are looking to purchase a 4-plex in Florida. We will be renting our current place out, I will be moving in with family as my job is located in New York. My girlfriend is currently working remote so she would occupy one of the units in the 4-plex.
We are looking to take advantage of an FHA loan low down payment. Would she be able to split her time between Florida and New York or would that raise a red flag?
Would it look bad if she took on a roommate as well?
Thanks!