FHA Purchase with Siblings for a Multifamily Property - Seeking Advice

[Theiborh Almanzar]

Hello, BiggerPokets Community!

I hope you're all doing well. I have a concern and would greatly appreciate some guidance from those who have experience with FHA purchases, particularly when involving family members.

My two siblings and I are considering purchasing a fourplex using an FHA loan. Has anyone here been in a similar situation or have insights into the process? We're specifically interested in understanding:

What key information or considerations should we be aware of before proceeding with an FHA purchase as co-borrowers with family members?

Are there any specific FHA requirements or regulations we should be mindful of in this scenario?

How does the FHA view co-borrowing situations involving family members, and are there any potential advantages or disadvantages?

Any tips or recommendations on how to streamline the process and ensure a successful FHA purchase in a family co-borrower context?

We understand that real estate transactions can be complex, especially when family is involved, so any advice or personal experiences you can share would be incredibly helpful as we navigate this journey.

Thank you in advance for your insights and assistance!