Updated almost 8 years ago on . Most recent reply
Possible to house hack with FHA loan when having a live in job?
I have been interested in house hacking for a while. trying to learn more more everyday while building up my capital for a down payment+reserves and expecting to pull the trigger in the next 6-12 months. However, I also see myself working somewhere that offers a live in apartment on the property (Apartment Complex PM or Residential Hall director for a college). My questions involves the legality of such a scenario: Can I use an FHA loan if I plan on only staying there on the weekends? In a perfect world I would acquire a 4/2 duplex, 2/1 each side and rent one side and rent a room on my side. Does this seem possible or are the legal ramifications too risky to pursue this?