Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
FHA Owner-Occupied Multi-Family Loan Program
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