FHA Loan to buy third property

[Nicholas Sanchez]

Hi everyone!

I currently own my primary residence (condo) and one rental property (condo), and I am looking for a multifamily property as my next purchase. I am wondering if I would be eligible for a 3.5% down FHA loan when purchasing a multifamily property (and I plan to live in one unit and rent out the others, i.e. house hacking)?

I also welcome any advice you might have about going through this process that would have been good to know before you started applying for this loan option. Thanks!