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Updated over 2 years ago,

User Stats

5
Posts
2
Votes
James Lian
  • Lender
  • Carrollton, TX
2
Votes |
5
Posts

PLEASE HELP: Question about 5% down Conventional for a 1-4 unit

James Lian
  • Lender
  • Carrollton, TX
Posted

Hi all!

I know that you can do an FHA 3.5% down on a 1-4 unit property as long as you occupy one of the units as your primary residence. But could you do the same for a conventional loan? I am getting different answers and I am finding that it may depend on the lender. If so, could you guys please let me know of any lender that would do this?

I live in DFW area and would like to buy a property somewhere in Garland. I am also a first-time homebuyer but would like to house-hack a 4 unit property. Thank you so much in advance for everyone's help!

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