FHA for Four Individual TownHomes

[Michael Kelley]

Quick question. I have been working with a seller on an off-market, 4-unit building. I was hoping to use a FHA loan to "House Hack" my first investment property. However, my lender said that I cannot use an FHA loan because the building is comprised of 4 individually zoned town homes, meaning they can be sold individually. The lender said that I could do an FHA for the unit I live in, but would have to take 3 individual loans, or one commercial loan for the other 3 units, which is not beneficial to me.

Does anyone know a way around this? Are there other loans that compare to the FHA loan that would allow me to buy all 4 units even though they are zoned individual town homes? Rezoning the four town homes to one individual building is not an option.

Thanks for your time and help!