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Updated over 8 years ago,

Nicolas Middleton's profile image
Nicolas Middleton's profile image
Nicolas Middleton
  • from Saint Petersburg, Florida
  • Member since Jan 2, 2016
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11
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2
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Nicolas Middleton's profile image
Nicolas Middleton's profile image
Nicolas Middleton
  • from Saint Petersburg, Florida
  • Member since Jan 2, 2016
Connect
Nicolas Middleton
  • Saint Petersburg, FL
2
Votes |
11
Posts
Multi-Family and Apartment Investing

Is it possible to buy a 5-plex with FHA loan if converting to 4?

Nicolas Middleton
  • Saint Petersburg, FL
Posted

So as I understand it, duplexes, triplexes, and 4-plexes all still can qualify for an FHA loan. I've seen several properties that are 5-plexes, such as this one:

http://www.trulia.com/property/3230409342-1533-Car...

So I'm wondering, if my plan was to purchase and convert the 5-plex to a 4-plex, would it then be possible to still qualify for an FHA loan?

Any input is appreciated, thanks!

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