Which condition is typically true for a property to qualify for FHA loans?

For a property to qualify for FHA loans, it generally must be used as a primary residence. This requirement is central to the FHA loan program, which is designed to help individuals and families become homeowners. By ensuring that the property will be the borrower's primary dwelling, FHA loans promote stability and ensure that the funds are used to support families looking to establish roots in their communities.

The other options do not align with FHA loan requirements. Properties do not need to be vacant, as FHA loans can be issued for homes that are already occupied as long as they will become the borrower's primary residence. While new construction homes can qualify for FHA loans, existing properties are also eligible regardless of their age. Lastly, FHA loans can be used for single-family homes as well as multi-family dwellings, but the crucial condition remains that the borrower must occupy the property as their primary residence.