Can I use my homestead exemption for an investment property, or do I have to live there?
Kim Jones (KimJonesHomeLoans)
#73 ranked lender in Georgia - 21 contributions
No - you have to live there. Homestead exemption is for primary properties only.Warm regards,Kim Jones-ZweigSenior Mortgage BankerFidelity Bank Mortgage3490 Piedmont Road, Suite 750Atlanta, GA 30305p: 678.468.4046 | f: 678.829.0612e: kim.jones@lionbank.comw: www.kimdjones.com
Justin Murray (JustinMurray)
#100 ranked lender in Illinois - 172 contributions
I would speak with your accountant or CPA - you can claim in various different ways depending on your filing status etc.
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
Homestead exemptions are only for owner occupied, primary residence. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347
Jesse Stroup (jessestroup)
#4 ranked lender in Idaho - 593 contributions
You will need to live in the home.
Ask our community a question.
Get an answer
