First multifamily home!!

[Andrew Becker]

HELLO, Im 21 years old and a junior in college. Really excited to purchase my first MFR! Need some advice/opinions here. Is it ok if I take out a personal loan to put 3.5% down with a FHA loan? House would be around $150,000-175,000 I have a great credit score.

[Caleb Heimsoth]

@Andrew Becker No you can’t do that with fha or conventional loans. You have to put down the money yourself or have someone gift it to you. If they gift it to you you’ll need to get that in writing