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41
Posts
15
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Jon Dang
  • Investor
  • Houston, TX
15
Votes |
41
Posts

FHA loan 1 year occupancy requirement and relocation

Jon Dang
  • Investor
  • Houston, TX
Posted

Hello biggerpockets family!

I am looking to get a duplex or small multifamily at the city I am currently employed in. My plan to buy a duplex with a 3.5% FHA loan and house hack.

My question is if find a new job in a different city and decide to move prior to being at the property for > 1 year does that violate the terms and agreement i.e Fraud.

I intended to occupy the property for at least a year. But, I do not know what the current outlook of my company may be in the coming months and want to prepare myself in case there are potential layoffs and what not.  I am very conservative by nature and plan for the worst. Thank you!

Thank you!

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