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Can I rent out property that was baught with an FHA loan

My father in law passed six years ago and my mother in-law passed away last year. There was no one to take care of the property so wife moved home I soon followed but now we have gotten behind in the mortgage paying both mortgages. Can I rent out the property.
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October 18 2012 - Cuero
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Not only can you rent it out. You can refinance it in the Streamline Refinance Program.

You are fine.
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October 18 2012

It was considered a primary residence to begin with. The reason for renting it is for unforeseen issues that were not predictable. Rent it out. Depending on the rate you are at you might want to also consider refinancing with a program called FHA Streamline. I am one of the few lenders that are able to do these on investments. If you care to discuss more please find my contact information on my profile. Thank you, James

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October 18 2012
 
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Can I rent out property that was baught with an FHA loan
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October 18 2012 | 2 answers
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