: Borrowers must establish occupancy within 60 days of closing and must intend to live in the home for at least one year.
: FHA loans are strictly for homes the borrower will live in full-time. They cannot be used for vacation homes, second homes, or purely for investment properties. fha loan restrictions buying
The property must pass an appraisal by an FHA-approved professional who checks for safety, security, and structural soundness. : Borrowers must establish occupancy within 60 days
: You can buy a 2- to 4-unit property, but you must live in one of the units as your primary residence. The property must pass an appraisal by an
Federal Housing Administration (FHA) loans have specific restrictions to ensure the safety and marketability of the property. For the , the most significant restrictions involve the property's physical condition, its intended use, and maximum loan amounts based on geographic location. Property Use and Occupancy Restrictions
