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Updated over 5 years ago,
Portland Oregon and FHA Owner Occupant Loans
I'm looking at purchasing a multifamily property in Portland, Oregon via a FHA Mortgage.
Portland (and Oregon) has adopted legislation stating that (as I understand it) a current tenant must be given 90 days notice for an owner occupant to reside in a unit. FHA requires that the owner occupant move into a unit within 60 days.
Does anyone know if this is unique to Portland?
Is it not possible to use an FHA loan on a multifamily property in Oregon unless one unit is already vacant?
Thanks for your help!
Amy