FHA multi family construction loan?

[Jason L.]

I currently own a duplex and am finishing the rehab on it. I’m focusing my strategy on small multi family rentals but don’t see a lot of 4 unit properties which would be ideal for me. Can I use an fha loan for a multi family property new construction? Is there anyone familiar with this product? 

It only requires 3.5% down. It seems like there aren’t a lot of lenders that know this product, and my research seems to show conflicting opinions on if fha multifamily new construction  loans are possible.

My brother is a mortgage broker and I have a number of good builders to choose from. I’ve got some viable locations and my initial numbers are promising. Seems like the underwriting is lengthier. Is 3.5% down for new construction a myth? Anyone out there that has used this fha loan that could offer insight?