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Updated over 4 years ago,

Mia G.'s profile image
Mia G.'s profile image
Mia G.
  • Real Estate Agent
  • from Aurora, IL
  • Member since Jul 27, 2018
Connect

User Stats

35
Posts
27
Votes
Mia G.'s profile image
Mia G.'s profile image
Mia G.
  • Real Estate Agent
  • from Aurora, IL
  • Member since Jul 27, 2018
Connect
Mia G.
  • Real Estate Agent
  • Aurora, IL
27
Votes |
35
Posts
Starting Out

Conventional or FHA Loan for 3-Unit?

Mia G.
  • Real Estate Agent
  • Aurora, IL
Posted

Hi All, I am looking to purchase a 3 unit property as a primary residence (live in one, rent out other two). Do I have to use an FHA loan or can I do a 5% down conventional loan? I have been told different things by different people, such as I can only use a conventional loan for a single family home. Wondering if this is true? Any input is appreciated!

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