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?
Here is what I could find.
occupy within 60 days... intend to continue for at least 1 year
The military requirement is 24 CFR 203.31 below...
Different but not more clarifying.
I don't see anything on multifamily though...
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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