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Updated over 6 years ago,
FHA Loans for Small Multi-family Properties - PBC FL
Hi Bigger Pockets Members!
Monique - super newbie investor, here in Palm Beach County Florida.
I have called and visited several smaller and larger banks and yet, I am unable to find a lender willing to finance a small multi-family property with a low down payment. Credit is over 740, W-2 job reliable and personal DTI below 30%.
Does anyone out there know where one could entertain the thought of a low down payment with a 2-4 unit multi-family property located in PBC?
Any assistance, advice or general ideas are greatly appreciated.
Thanks BP Community!
P.S. I am not opposed to lenders/banks in other areas outside of Palm Beach County, however my first purchase will likely be in eithe Palm Beach, Miami or Broward County florida.