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Updated over 5 years ago,
What is the criteria to get an FFA loan approved?
I am 17 year old that is looking to get into investing in rental properties at an early age. I have been recently been looking at the possibility of applying for an FFA loan can anyone fill me in on the criteria to get one accepted? The reason I am doing this loan is cause I only have 3000 dollars saved right now but I am on track to have 7000 dollars by the end of this summer. Will that even be enough for a down payment to a small multi family home?