Can you use an FHA loan to buy an investment property?
Can you use an FHA loan to buy an investment property?I am a first-time home buyer and am looking to buy an investment property (before my own home, though I am currently looking) using an FHA loan. I know it sounds insane, but it's the nature of my current situation, so please don't bash me. by michelle1974 from Milwaukee, Wisconsin. Nov 16th 2009
Leo Harvey (LHARVEY)
#6 ranked lender in Pennsylvania - 149 contributions
FHA loans can be used to purchase or re-finance an owner occupied property only. There are exceptions for occupancy when a property has an FHA loan in place and the owner moves out but you cannot use one for purchase of a property that you do not intend to occupy as your primary residence.
Ask our community a question.
Get an answer
Related Questions
