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Updated over 6 years ago,

User Stats

5
Posts
4
Votes
Monique Webb
  • Delray Beach, FL
4
Votes |
5
Posts

FHA Loans for Small Multi-family Properties - PBC FL

Monique Webb
  • Delray Beach, FL
Posted

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.

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