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Updated almost 8 years ago on . Most recent reply

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18
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1
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Joshua Reed
  • Bayside, NY
1
Votes |
18
Posts

Question about Quicken loans

Joshua Reed
  • Bayside, NY
Posted

Hello everyone I am wondering did the FHA rules change? because when I asked quicken loans about a buying a 3-4 unit and living there they tell me that FHA only does 1-2 units. of course I aruged this saying since the housing market crash FHA allowed 1-4 units with only 3.5% down. now I watch Bigger pockets almost everyday trying to get started buying my first house to kick off my real estate career and now i get this info that FHA never offered 3.5% down now unless everyone on BP is lieing or Quicken loans lieing to its Potential clients can anyone help me with this?

Most Popular Reply

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1,982
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599
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Jassem A.
  • Investor
  • Pennsylvania
599
Votes |
1,982
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Jassem A.
  • Investor
  • Pennsylvania
Replied

It may be their own policy. I would inquire with some local banks and credit unions and they can probably offer better terms and less headache.

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