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Updated almost 6 years ago,

User Stats

8
Posts
1
Votes
Whitney Moses
  • Chicago, IL
1
Votes |
8
Posts

Question about Fha loan

Whitney Moses
  • Chicago, IL
Posted

I recently just bought a 2 unit building in Chicago with an owner-occupied fha loan. Both units are tenant occupied and seeing as though i have to live in one of the properties, ill have to get rid of one of the tenants. My Realtor told me that the basement can be turned into a studio. My question is, does fha allow owners to occupy the basement while renting out the other unit of the building? 

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