FHA loan for Duplex

[Halle Bolin]

I heard that FHA loans for duplex's require 20% is this correct? What loan can I receive for low down payment for a duplex?

[Matt Doerr]

@Halle Bolin I don't think a blanket statement works here. I just quoted out rates from different banks today and one mentioned that FHA options could include 2.25% interest and 30 years- this is considering purchase a 4-plex and living in one of the units. It'd be in your best interest to reach out to a few banks (I'd suggest atleast 3) and you'd be able to get a good picture of lending rates, terms, and downpayment options in your area. Cheers!