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Updated over 6 years ago, 03/28/2018

User Stats

54
Posts
15
Votes
Chris Hayes
  • Oklahoma City, OK
15
Votes |
54
Posts

FHA loan on a duplex

Chris Hayes
  • Oklahoma City, OK
Posted

I live in Oklahoma City. I'm looking to buy a duplex later this year to house hack with. I've got my eyes on a few already. I went and got preapproved through a mortgage company. However, they're telling me that I can't use an FHA loan on a property that will be used for tenants, even if I were to live in one of the units, and that I would need to put down at least 25%. Anyone else run into this issue? I've heard countless times that you can use an FHA loan to househack.

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