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Private Lending & Conventional Mortgage Advice

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Ricky Hopp
  • Rental Property Investor
  • Houston, TX
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21
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FHA Owner Occupany Rules After Closing

Ricky Hopp
  • Rental Property Investor
  • Houston, TX
Posted Apr 20 2016, 10:20

Hi all. Does anyone have information on rules regarding how long the owner has to actually move into the property under an FHA mortgage? I thought it was 60 days after closing, but someone mentioned it needed to be immediately after closing. This would be difficult to require immediate owner occupancy since tenants are currently under a lease that will end around 60 days after closing date.

Any help or advice is much appreciated. 

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