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Updated over 11 years ago on . Most recent reply

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Max Mac Phail
  • Las Vegas, NV
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Moving before residency on FHA

Max Mac Phail
  • Las Vegas, NV
Posted

I am exploring a potential job about 200 miles away (from Forth Worth, (NISD) TX to Round Rock/ Austin, TX) from where I bought a house with an FHA loan in March of 2014. If I were to rent or lease option the house. What sort of paperwork do I need to file with FHA/lender? Is there a mileage limit or is the relocation for work enough to bypass all of the residency restrictions?

Thanks!  Also welcome advice on possibly setting up the lease option/rental in TX.  Last time I tried to rent a house in Las Vegas, it was disaster, this was before I found BP

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

If you move that far (I think 50 miles or more) for work, no issues, no need to file anything.  If questioned later, you can document.

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