how long do you have to live in your house after using the FHA loan program?
We bought our home 8 months ago and we are expecting another child. Our home isn’t big enough. Do we have to stay here longer or can we move in the next 6 months? Thank you
Tags: after, House, live, Loan, long, Program, Using
2011/11/27 at 21:35:05
It entirely depends on the terms of your loan. You read those terms in the paperwork you received at closing. Make sure you dont’ have a pre payment penalty. I’m worried that you would not be able to sell at a high enough price to pay off that loan on such a short time period. You really should plan on staying for at least 2 years…. sorry….