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Updated over 7 years ago on . Most recent reply

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Ajeenah Wilkins
1
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FHA loans for rental property

Ajeenah Wilkins
Posted

Hi 👋🏽 do anyone know how long you have to occupy a residence as a primary occupant if approved for a FHA or USDA loan?

Most Popular Reply

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6,058
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,101
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6,058
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@Ajeenah Wilkins I believe you are suppose to intend to occupy the property for one year. There are a variety of loopholes if you decided to leave sooner than one year, but you would want to speak directly to a lender to figure out all of those. 

  • John Warren
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