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Updated almost 8 years ago,
Financing multifamily above loan limits
Question for BP lenders. If I want to finance a multifamily property using fha or conventional but the amount of the loan is above the limit, what other options do I have?
For example, let's say I want to take out a $750k loan for a quad using fha because I don't have the downpayment of 20% or higher. FHA limit for 4 unit is $730k for that area. How can I finance this while keeping the down payment low?