FHA Loan details and questions

[Colby Zeller]

Now that I have found the market I want to invest in and also the property type I settled on looking for, I am intrigued to learn more about the type of loan I need to qualify for. I want to purchase a small multi-family property in the next 6 months and to use the house hacking method to its full potential. When the time comes for me to go to a lender to get approved for this loan what exactly are they looking for ? I know what all lenders look for when debating to approve a person but is there any special thing specifically for a FHA ? Comparing a FHA loan to a conventional what things differ in contrast when looking to get approved by a lender ?