Can I rent out my FHA property?

Question

I'm wondering if it's legal to rent out my FHA property?

Zack Karp · Answer

@Nathan Guyette as long as you occupy the property for 1 year, then you can rent it out. You do not need to refinance out of FHA to rent it out.

Vaughn Smith · Answer

@Nathan Guyette you will have to refi into a different type of loan FHA is only for owner occupied properties, in addition they do not want people to purchase properties for investment purposes using the program, I believe they spell that out in their guidelines

Steve Bracero · Answer

@Anthony Wick

Yes, after you live in one for a year, you can rent that unit out as well

Nicole A. · Answer

You can also immediately rent out extra rooms in your home even if it's a FHA loan (in case that is something you or another reader is considering).

Redgy Saint-Germain · Answer

@Nathan Guyette

If it's a single family - you have to live in it for at least a year before you can rent it out.

If its a 2-4 units - you can rent the other 3 units right away as long as you live in one of them for a year

Good luck

Nathan Guyette · Answer

Ok, thank you all.

Nathan Gesner · Answer

As long as you meet the requirements. Your lender documents should spell out exactly what requirements you have to meet.

Can I rent out my FHA property?

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