House hacking a 2 Unit + one Commercial Unit

[Abram T.]

Hey BP community,

I came across this interesting property that consists of a duplex plus a commercial unit that is leased to a variety store. I was told that if I occupied the commercial unit by living upstairs above the store, I would meet the 51% Owner occupied requirement. Would I be able to purchase this property with a residential FHA loan and proceed to house hack the property whilst living in the commercial unit? Or regardless, would this fall under commercial lending under Owner-occupied commercial mortgages? If by a miracle it qualifies under an FHA loan, would it be possible to move out of the commercial unit after occupying the property for one full year? Some info on the property:

Listing price: $274,900

Unit 1: 2BR 1.5BA $1,450/mo

Unit 2: 2BR 1BA $995/mo

Comm. Unit: $1175/mo

Thank you for taking the time to read this, and I would appreciate your thoughts. To me, it doesn't sound doable due to the commercial unit, but I am curious if any BP members have had the same experience.

[Upen Patel]

@Abram T. What you are looking at is a Mixed-Use property. For that your only option is a commercial loan.