What Qualifies As Owner Occupied? An owner-occupied property is a piece of real estate in which the person who holds the title (or owns the property) also uses the home as their primary residence. The term “owner-occupied” is commonly associated with real estate investors who live in a property and rent out separate spaces to
What Does FHA Consider A Family Member? FHA defines family member as someone who is related to the borrower by blood, law, or marriage. Can I use an FHA loan to buy a house from a family member? FHA loan benefits extend beyond low down payment FHA also allows family members, or even close friends,
Can You Buy A House And Let Someone Live In It Rent Free? Can you buy a house and let someone live in it rent free? You can let someone live in your house or buy a house and let them occupy it rent-free, so long as the fair market value of the rent comes