Can you buy a house under FHA if you don't live there?

If both YOU and your Dad are on the loan, it is OK if your Dad doesn't live there. This is known as a non-occupying co-borrower and is acceptable under FHA guidelines.

You can purchase and use your dad as a Non occupied co borrower. There are specific guidelines that apply so it's important you use a qualified lender to properly work the deal. The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

That is technically correct. They would classify it as an investment property or 2nd. home for your father. Give me a call, we can figure out the best solution for you. 888-320-7888 - Ken

Yes he can be a non occupant co borrower on an FHA mortgage.I only Lend in Florida.

It sounds like you plan to live in the property but your dad is the only qualifying income. This would still work as you are fulfilling the occupancy requirements for FHA, but you have to be on the loan, as well. That means your dad's income would also have to cover your debts and you likely have to be bringing acceptable credit to the table, depending on your lender.

The borrower must live in the property, however it is possible to have a non-occupying co-borrower.

he will have to qualify for both the house that he lives in, his debts, and the new debt.. sometimes , this is referred in FHA as a kiddie condo loan.. , you do not have to get a condo, but ... once you can qualify on your loan, you can refi into your name , and your dad can be removed.. linda

Your dad can be a non-occupant co-borrower. This means he is on the loan and liable for the payments, just like you, but does not have to live in the home. You would be the occupant -borrower, and will need decent credit and income as well. We do these all the time. Work with a local Mortgage Banker/Broker, rather than one of the big banks or national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, not just those of one bank, and can properly guide you. But more importantly, He/She is trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950