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 The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey‘.

Damon Day - Pro Debt Coach

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