FHA Loan Requirements

[Dale Jackson]

My wife and I are looking to buy our first duplex property out of state and and house hack . We would prefer to utilize the lower 3.5% down payment and lower interest rates of an FHA loan versus the required 25% investment property down payment and higher interest rates that go along with that.

We understand the typical requirement for FHA loans is to live in the property for one year or until we meet 25% of the equity. If we pay off the 25% before one year, could we move out earlier and bring on a second tenant while keeping the lower interest rates from the FHA loan?