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Updated almost 4 years ago on . Most recent reply
3.5% Down on Owner-Occupied Duplex or Triplex? Is that Realistic?
Hi! I am looking to buy a 2-3 unit multifamily in Southern California. Is it realistic to plan to put 3.5% down with an FHA loan? I'm aware of 0% down programs like NACA, but I do not qualify since I already own. I would love to know learn how you financed your purchase with little down. At this time, I'm not interested in partnerships or loans from family/friends. Looking for any tips to put little down for a multiunit.
Most Popular Reply
FHA financing is a great way finance the purchase of a 2 to 4 unit property with a small down payment. * Note * These type of loans require the purchaser to occupy one of the units.