How Can I finance a 2nd MFH house hack?

[Sung Park]

Hey BP, I’m currently in my first house hack financed with a conventional loan. It’s my first property. I’m researching financing options for my next house hack. I’m looking to stay within 100 miles of where my current property is. My understanding is that an FHA is not going to pass without providing a good reason other than wanting to buy another property if the second property is not far enough. Is this accurate? If FHA is not doable, Id like to find a portfolio lender who will finance a MFH with less than 20% down, ideally 10% or lower with owner occupancy. Does

[Andrew Postell]

@Sung Park if your first property is with a conventional loan the FHA doesn't care about that. If your first loan was an FHA loan and then you tried to get ANOTHER FHA loan that's when they start caring. You should be able to get an FHA loan on a 1-4 unit property as long as you are planning on moving into it as your primary house. Feel free to ask more question if you need but you are 100% safe to proceed with FHA financing.