FHA DUPLEX FINANCING QUESTION

5 Replies

Was talking to my mortgage lender and mentioned my strategy of staying owner occupied for 1 year and 1 day like I've read on here before and she's never heard of this as a "rule" or anything that complies with HUD. Can somebody explain this to me? On the plus side I got pre-approved for a good amount! Thanks in advance

@Matthew Hamilton , please see the attached screenshot from the FHA guidelines effective for loans with FHA case numbers on or after September 14, 2015. I would pass this along to her and see what she says. If this still doesn't job your memory, I think you need a new lender.

Originally posted by @Matthew Hamilton :

Logan Allec thank you very much! I agree this is kind of scary to not know of..

 Man that is odd. I had the same thing when i was at a Prosthetic Clinic. I was looking into getting new legs (Double amputee) and every single foot company i listed they had no idea what I was talking about. And they were well known companies.... not much of a help and quite odd.