FHA/VA "stay in it a year" clause question

3 Replies

I understand signing the FHA/VA loan means you intend to occupy for a certain amount of time. Wondering what that amount of time is... 6 months? or 1 year? Also, being a Soldier, I will be deployed for a bit of that 1st year. I bought a multifamily, does that mean I must keep 1 unit open to finish my year while I'm deployed?

I would think that as long as you actually moved into the unit and your stuff was still there and your mail was still going there while you were deployed that you should be fine.

As someone who has used this particular track, here is what my impression of how it works. YOU have to keep the "majority" of your possessions at the address. You have to list the home as your primary address with your command, and state tax forms. Also, you have to prove that you intend to live there after your deployment, this isnt hard. Frankly, i have never heard of anyone getting checked after the papers have been signed, and plus as a deployed member you are protected from most legal issues until you return. The occupy time is one year, or longer depending on your state.

Hopefully this helped. 

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