Updated almost 2 years ago on . Most recent reply
If I Assume an FHA Loan do I have to live in the property?
Hi everyone,
I'm new to Real Estate investing and wanted to know: If I buy a property that has an assumable FHA loan, do I have to live in the property if I assume the loan?
Most Popular Reply
Ryan Thomson
#1 House Hacking Contributor
Agent
Pro Member
#1 House Hacking Contributor
- Real Estate Agent
- Colorado Springs, CO
- 1,346
- Votes |
- 1,485
- Posts
Ryan Thomson
#1 House Hacking Contributor
Agent
Pro Member
#1 House Hacking Contributor
- Real Estate Agent
- Colorado Springs, CO
@Michael Gordon Yes. You have to intend to move in within 60 days and intend to occupy it as your primary residence for a year.
- Ryan Thomson
- [email protected]
- (719) 624-3472
House Hack Colorado Springs
41 Reviews
5.0 stars