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