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Updated over 3 years ago,
FHA Not Allowed On A Multifamily In NJ??
Hello BP community!
I applied to get pre-approved by Better Mortgage for a multifamily property (2 - 4 units) in New Jersey (Im looking to specifically get a duplex).
However the loan went through as conventional. I emailed the loan officer why it didn't go through as an FHA loan (which is what I specified).
She replied saying that 2-4 unit properties are not eligible for FHA loans in NJ.
I am new to real estate investing and this will be my first house-hack.
Has anyone here financed a multifamily in NJ with an FHA loan?
Are multifamily homes not eligible for FHA loans in the state of New Jersey?
Happy to hear everyone's responses and experiences!