anyone experience this?

[Qulia Brunson]

I'm trying to purchase a duplex with FHA financing. After getting approved the loan officer said I could purchase a duplex with FHA financing. However the duplex I want is two parcels so now the LO says I need two different loans, FHA for the owner occupied side and Conventional for the tenant occupied side. On top of that if I find a duplex with one parcel I would have to do a 20% down conventional loan. None of this sounds right or makes sense. Is this something new or has anyone else experienced this?

[Wayne Brooks]

Find a different property.  What you are looking at is Not a duplex it's two "half of a duplex's", two separate properties, hince the issue.  Find a normal duplex/triplex/4 plex, and you can do the 3.5% down if you want, owner occupied of course.