My wife purchased a house prior to our marriage which is an FHA loan. The mortgage is not in my name and does not show up on my CR. Our relationship is on the rocks so I will be moving out in a couple weeks however ...
I just found out that with FHA Financing no matter how much you put down you will still have to pay PMI. Its a self-insured loan and its (.85%) of the amount of the loan.
I have a tenant that would like to buy my house. It is in good shape with three year old roof and electrical upgrades. He is wanting to do FHA financing. What should I be aware of that they may require me to fix to m...
We put an offer on a fixer upper and will be using FHA financing to purchase it. The counter offer was much higher than anticipated with a note saying that they will have to fix any FHA required repairs. I don't reall...
I want to try to secure an FHA Loan for a house hack, multi unit home in Chicago. Ideally a 3 flat, with at least 3 units, but 4 would be better for cash flow, obviously. These are not cheap.I made really good incom...
Bought a Duplex in search of some FHA financing strategy. Basic Info: Purchase Price $333,000 - Locked in Rate (30 year) 2.625% - FHA Insurance 0.8% or approx. $220/mTrying to think through two routes at the moment an...
Silly question, but how long do you have to live in a property before you can move out when you use fha financing?Say I buy a house, house hack, then decide to leave. Is there a minimum on dwelling there?
So I'm going to buy a duplex in my area to house hack as I get my investment adventure off the ground. I'm wanting as little of my money in it as possible, so I'm looking to do FHA loan. However, most of the multifami...
Hello BPers!If I change jobs every 12-18 months, acquiring a new job in a different state, can I keep taking out an FHA loan every 1- 1.5 years ? HUD:We do not object to homebuyers using FHA mortgage insurance more th...
So I am very new. I have limited debt and after a divorce rebuilding my credit. I am interested in a duplex or triplex with fha financing for the down payment assistance. For reasons out of my control I can't actually...