Duplex FHA rollover ?
Hi BP family, I have a question about a FHA loan.
I currently put in an offer that was accepted for a duplex. I am planning on house hacking and living in one half for the first year. My lender said that buying a duplex is not an issue at all with a FHA loan, but he was worried that the seller is giving a pro ration of the rent & the security deposit back as an incentive to buy. Has anyone had an issue with this? Does the FHA office have an issue with this? He is contacting them tomorrow to see what they say. I just wanted some insight from anyone having experience dealing with this. Thanks for your help,
Gordon