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Updated almost 8 years ago,

User Stats

191
Posts
165
Votes
Sung Park
  • Rental Property Investor
  • Philadelphia, PA
165
Votes |
191
Posts

Financing multifamily above loan limits

Sung Park
  • Rental Property Investor
  • Philadelphia, PA
Posted
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?

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