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Updated over 8 years ago,

Account Closed
  • Investor
  • Oklahoma City, OK
2
Votes |
3
Posts

FHA Owner-Occupied Multi-Family Loan Program

Account Closed
  • Investor
  • Oklahoma City, OK
Posted

We are looking to purchase an OKC four-plex. My question is this:

Isn't there an FHA Owner-Occupied Multi-Family Loan Program requiring only 3.5% down?

We have sold our home and truly do intend to occupy one of the units. The total cost of the 4-plex will exceed the sales price of our home by as much as 28%. We have excellent credit (800s) and can provide the necessary cash/capital reserves to meet the payment requirements.

Will appreciate any feedback or first hand experiences.

Thanks,

Bob

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