FHA one yr residence requirement

[Khari F.]

Hello 

What qualifies as primary residence per fha requirements? Mailing address? Percentage of time spent there?

[Jon Schwartz]

Originally posted by @Khari F.:

Originally posted by @Reid Chauvin:

Here's some snippets from the HUD handbook on the subject:

"A principal residence is a property that will be occupied by the borrower for the majority of the calendar year"

And

"FHA security instruments require a borrower to establish bona fide occupancy in a home as the borrower's principal residence within 60 days of signing the security instrument, with continued occupancy for at least one year."

Thanks. for a house hack on a duplex for an example where Im renting one unit, after 183 days I can begin rent out my unit?

I don't think the FHA is going to be checking up on you...