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Updated over 4 years ago,
FHA loan two partners
I'd like to purchase a multi family with an FHA loan to house hack for my first property. Me and my partner would like to go in on the loan together so that we have a higher purchase ability combining our incomes. The question is do we both have to stay in the property? She has a family and a home while I would be staying in the property and moving out of my apartment. If not are there any tips on getting a higher valued property using FHA with an income of 50k a year? My DTI is very good and credit is excellent as well if that helps? Thanks!