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Can I Rent Out Some Rooms in My New Home With an FHA Mortgage? – JJ

“Dear Steve,

Purchased home under an FHA loan. Will be inspected to see if I am a primary resident in a month and a half. If this is my primary residence, am I also allowed to rent out a couple of the rooms?

JJ”

Dear JJ,

Well you want to be very careful that you don’t do anything to jeopardize your loan status. I would check with a HUD approved housing counselor for a specific answer to your situation.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

P.S. Be sure to read ‘The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey‘.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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