Primary residence and FHA

[Lora Sitler]

So just so I understand. You buy a quadplex with an FHA making this your primary residence. I have have heard a couple bigger name people discuss it but not really go into details as to if they are really living in one, keeping it vacant and if they are stating how long do they stay before they can rent that unit out.

[Anthony Dooley]

When you buy it with FHA, you will sign more than one document that states this will be you primary residence. Some people say it's for at least a year, but there is no term of time on the documents. You can move whenever you want, but understand that lying in order to get a loan is mortgage fraud. You are signing legal documents and the FHA is a government agency. House hacking is a great move if you do ethically.