Sunday, January 15, 2012

Is it possible to purchase a Bed & Breakfast HOME STAY with an FHA loan? This would be our primary residence.?

This is an existing Bed & Breakfast home stay (NOT an inn). It is NOT zoned commercial. The previous owners used it as their primary residence and we would too. There are a total of 5extra bedrooms that we would provide transient lodging from. I've gotten differing answers from various lenders. We have been approved for an FHA loan. Since this IS our primary residence, can we Proceed?

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