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Updated almost 12 years ago,
FHA Loans - Triplex/Quadplex
I applied online to get pre-approved for an FHA loan on a triplex. I filled out a form through Quickenloans and the representative called me 30 seconds later. I was told that FHA loans work for duplex's, however they do not work on triplex's and above. She also told me that the minimum down-payment on these type of properties were 25%. I did not even get to the point were she asked for my social security number, income, nor did she check my credit.
So BiggerPockets, is this the norm or do various lenders handle these issues differently?