FHA Loan Owner Occupancy

[Evan Manship]

Hey BP,

First time poster, long time reader. I am currently living with my parents but am considering purchasing my first home using FHA financing.I understand that FHA requires "owner occupancy" for at least one year, but the question I have is:

Can I use FHA financing to acquire a property while still living at home? I am thinking of buying a 4-plex, but instead of renting out the 4th unit that should be mine, it will be vacant.

How can I utilize this loan product while living at home?

All info and tips are appreciated in advance.

Thanks to all!

[Brie Schmidt]

@Evan Manship FHA requires you to move in within 60 days and occupy it for 1 year. They do random Lexus Nexus searches to see who's name the utilities are in, where your mail goes, ect. By not completing these requirements it is mortgage fraud.

Why would you leave a unit vancant and lose money and still live at home?