Real Estate Agent · Brandenburg, KY · Member since 2015 · 277 posts · 68 votes
I'm considering an FHA loan for my next property. It will be owner occupied. As a military service member, there's a possibility that I may be required to relocate prior to the FHA 1 yr occupancy guidelines. Is this an issue? Anyone experienced this or something similar?
Fort Worth, TX · Member since 2015 · 51 posts · 7 votes
10y
Maybe an expert can confirm, but I don't think it would be a problem for you to move in a year, but I doubt you could get another FHA loan that quickly.
I don't have orders yet, but anything is possible. Just don't want the FHA police after me. :)
OK. Also know that you CAN have multiple VA loans at once. 90% of loan originators are too stupid to do the math, however, and I'm not licensed in KY or TX so I can't help you.
Hanford, CA · Member since 2013 · 5k+ posts · 1k+ votes
10y
My husband is active duty. We have always been told that personal properties require 12 months of occupancy unless something happens out of your control. We were told military moves under orders counts. I am nothing legal just what I have heard.