Zillow Advice: FHA and VA Loans - Can I rent my home without penalty? http://www.zillow.com/advice-thread/Can-I-rent-my-home-without-penalty/440494/ Zillow Advice | Zillow Real Estate Wet Dawgs is correct.&nbsp; ... http://www.zillow.com/advice-thread/Can-I-rent-my-home-without-penalty/440494/ Wet Dawgs is correct.&nbsp; For the full story go to the irs website at irs.gov.<br/><br/>Search for "First Time Homebuyer Requirements" and you will see a list of all scenarios where the credit must be paid back to the IRS.<br/><br/>November is just around the corner.&nbsp; Sit tight and keep you 8k.<br/><br/>Good luck,<br/><br/>John Sat, 12 May 2012 18:46:00 GMT http://www.zillow.com/advice-thread/Can-I-rent-my-home-without-penalty/440494/ 2012-05-12T18:46:00Z In Nov 2012 you will be able ... http://www.zillow.com/advice-thread/Can-I-rent-my-home-without-penalty/440494/ In Nov 2012 you will be able to rent your home without penalty.&nbsp;&nbsp; If you move out and rent it earlier than that, you won't be complying with the requirement that it is your primary residence for three full years from purchase date.&nbsp; www.irs.gov Thu, 26 Apr 2012 19:12:00 GMT http://www.zillow.com/advice-thread/Can-I-rent-my-home-without-penalty/440494/ 2012-04-26T19:12:00Z