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Updated almost 4 years ago on . Most recent reply

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Ryan Cleary
  • Real Estate Agent
  • Saint Lucie, FL
330
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369
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How far away from work can I use an fha loan?

Ryan Cleary
  • Real Estate Agent
  • Saint Lucie, FL
Posted

Is there a certain distance in miles or driving time that would disqualify me from buying in a certain area for using an FHA loan?

For example. About an hour away from where I work is an area that would be an excellent airbnb location after my one year residency.

I would love to get a solid property with a low dp but the distance from my job is my only concern with underwriting.

Most Popular Reply

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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
1,722
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1,638
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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
Replied

@Ryan Cleary I have never heard of an FHA distance requirement. The only rule of concern is that you occupy the property as a resident during the first year of purchase.

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