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Updated over 4 years ago,
Question on house hacking a 3-4 unit
I had spoken to a lender and I thought that I would be able to buy a 3 or 4 unit property for 3.5% down using a FHA loan, if I used it as my primary residence but she told me this break down:
With 1 unit – you could put 3% or 5% down
With a 2 unit – You would put 15% down
With a 3-4 unit – You would put 25% down
Is this true? Or should I talk to more lenders?