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(said no one ever)

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Can I buy a home with an FHA mortgage and rent out the spare rooms?

 

Question:

I’m currently saving up for a down payment to buy my first home in a college town, and I was wondering if I buy the home with an FHA mortgage, are there any restrictions on me renting out the spare rooms in the house?

 

Answer:

What a great idea. No, there’s no restrictions. As long as you plan to occupy the home yourself, you’re free to rent out any extra bedrooms, the couch, whatever you want.

 


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The Turnkey Foundation, Inc. d/b/a Arbor Financial Group is an Equal Housing Lender. In all jurisdictions, the principal {NMLS: 236669} licensed location is 2932 Daimler Street, Santa Ana, CA, 92705. {Julie Aragon MLO #250691}