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Private Lending & Conventional Mortgage Advice

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Amy Kim
  • Investor
  • Orlando
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What if I stay out of country with FHA?

Amy Kim
  • Investor
  • Orlando
Posted Jan 28 2023, 13:13

Hello nice Saturday guys! I'm planning to get FHA for my 1st home and will do househack. But I stay mostly in my home country. My husbi has frequent business trips so he also might not live at home when we purchase. In this case, may we get in trouble because we're not physically live in the home?TIA;)

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied Jan 28 2023, 13:23

You need to occupy the home within 60 days of closing, and having the intention of living in it the majority of the following year.

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