Can FHA Loans be used for investment properties?

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Can FHA Loans be used for investment properties?

Benjamin Bigger
Fayetteville, AR · Member since 2019 · 3 posts · 0 votes

I went to my bank and was curious as to if I could get an FHA loan for an investment property house. I was told that I couldn't get the FHA loan because it was going to be used for an investment property. I'm so confused. They told me I can only get one for a primary residence only. So I can't get an FHA loan for my investment property house? Please help, thank you!

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  • Matthew Irish-JonesBusiness Member
    Real Estate Agent · Buffalo, NY · Member since 2017 · 2k+ posts · 2k+ votes
    6y

    @Benjamin Bigger you absolutely can get an FHA loan for an investment property. You just need to live in that property for a time period, normally 6 months. I have clients buying 4 unit complex's with FHA loans. They live there for 6 months, upgrade the property, bank the cash flow, and move on to the next investment.

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  • Dawn BrenengenBusiness Member
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    Real Estate Broker · Raleigh, NC · Member since 2014 · 2k+ posts · 1k+ votes
    6y

    @Benjamin Bigger Matthew is correct. You cannot use FHA for an investment property, but you can use it for a personal property that you later turn into an investment property when you move out.

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