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Updated almost 4 years ago on . Most recent reply

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Drake Hill
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Grad Student FHA Loan for a Four Plex?

Drake Hill
Posted

So I have a pretty specific situation that I can't find much information about. I'm a grad student with a full ride scholarship, $10,000/year stipend, no debt, a nice chunk in the bank from crypto (but not enough to buy anything outright -- not like I'd do that anyway), and a wife that makes <$30,000 per year at the moment. Are we eligible for an FHA loan to house hack w/ a four plex or is there no work-around for our lack of income? Has anyone ever seen any creative ways around this?

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