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16
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Alex Shipp
  • Memphis, TN
3
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16
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Subleasing FHA Mortgage

Alex Shipp
  • Memphis, TN
Posted

I have a home that I've been living in for 5 months with an FHA Loan and was thinking about renting out one of my spare bedrooms while I still live there.

I know the FHA requirements is that the home must be owner occupied within 60 days and be the owner's primary residence for at least 1 year which would not allow for renting out the whole house.

However, would it be legal to rent out 1 of the bedrooms while I still lived there even though I have lived here for less than a year?

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