FHA Loan Limitations on Renting Out Using AirBnB (personal unit)

[Anthony Bonacio]

During some late-night thinking, I thought of a question I'm assuming someone would have an answer to. So, if you buy your first investment property using an FHA loan, one of the requirements is that it is your primary residence.....does this limit how many times you can rent out your personal unit using AirBnb???

[John Lopes]

@Myka Artis I have heard of 3 occasions in 2014-2015 where lenders sent out someone to door knock to verify occupancy. (Maryland) It also changes things on the offer side of the deal as well if it is a foreclosure being purchased. Depending on the seller (Fannie / Freddie ) have affidavits that are signed by Both the Listing Agent, Purchaser and Buyers Agent attesting to occupancy status of purchaser if Buying as owner occupant.