Self Directed IRA and FHA

[Etan Frankel]

Am I able to get FHA financing for my first home if I am purchasing it through my Self Directed IRA?

Does anyone have experience doing this?

[Brian Eastman]

@Etan Frankel

When you say "my first home", that sounds as if you intend to live in the property. If so, then your self-directed IRA cannot be used in any way to participate in the purchase transaction as that would constitute self-dealing.

If the IRA is purchasing the home purely as an IRA investment, then the loan must be non-recourse, meaning no personal guarantee from you. In that case, FHA is not an option.