Updated over 11 years ago on . Most recent reply
How long until I need to move in with an FHA loan?
I am looking at 2-4 unit properties that are currently tenant occupied, and would be using an FHA loan to purchase. I know that I must be an owner-occupier to qualify for the FHA loan, but how long after purchase would I need to move in? For example, if I made an offer in February and closed in March, could I move-in by September?
If anyone has any experience with this, please share....