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Updated over 7 years ago on . Most recent reply
FHA loans limited to 2 units?
I'm a first time home buyer and am looking to house hack in a duplex, triplex or quad with an FHA loan. I just talked to a lending agent about getting pre-qualified for a loan and he said FHA is only good up to 2 units. 3 units or more jumps up to commercial loan of 25% per Freddie and Fannie rules. I feel like this is incorrect. Is it true you can only get up to 2 units with FHA or can you get 3/4 units?
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Wayne Brooks
#1 Foreclosures Contributor
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- West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Find a different lender now, this is basic stuff. FHA is for owner occupied 1-4 units.