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Updated over 7 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Max H.
  • Investor
  • Philadelphia, PA
1
Votes |
9
Posts

Owner occupied triplex

Max H.
  • Investor
  • Philadelphia, PA
Posted

Good Morning All! 

I wanted to see if my RE strategy is possible - I current own a townhouse that I rent out. I'm living with my fiance and her parents until we buy a property together. I am looking at a triplex that is in good condition in a good area but the issue is that I don't have enough cash for the down payment at 20% but would be able to swing it at 5%-10%. My first mortgage is not FHA.

So my question is, would I qualify for an FHA loan on the triplex if it is owner occupied?

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