Updated about 12 years ago on . Most recent reply
FHA Owner Occupied Terms
I am looking to get an FHA loan on 3 unit where i will be living in one of the units. My question is regarding the term "Owner Occupied".
Lets say i keep one unit for myself and pay all bills etc but i live somewhere else? Is that legal and valid way to do it ? What if i set my personal address to that unit ? and my wifes address for where we actually live?
Just trying to understand what my options are? As the property im looking at is out of town where i work/live as of now.