fha

[Charlene M murrill]

hey guys will FHA approve a loan if your credit isn't that great found a fourplex needs some rehab I would owner occupy and rent the other 3 units

[Upen Patel]

@Charlene M murrill It depends on your income, credit score, the source of your funds and what other debt you have. If you are getting "gift funds" then you will need 640. If its all your money then 620 should work. At least with me.

Keep in mind you need cash to cover the 3.5% down payment + 1.75% funding fee. FHA can also ask for up to 6 months of reserves.

PM me if you have specific questions about FHA loans or FHA process.

Good luck.
Upen Patel