Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
FHA Multifamily Owner Occupied Financing Options?
I am looking to purchase my first property and am interested in an owner-occupied four suite apartment. I have been reaching out to some well-known companies (i.e., Quicken Loans, Navy Federal Credit Union, and USAA) and am getting conflicting information. None of these companies have an FHA product for multi-family homes, and the Conventional Mortgage products offered by one servicer can only be used for a duplex.
I would like to know if FHA first-time homebuyer loans can still be used for multi-family owner-occupied 4-unit properties? I'm being told that the laws have changed and I can't seem to find a specific direct answer online.
Thank you!