Axton, VA · Member since 2013 · 31 posts · 3 votes
I'm looking to buy my first multi family in Rockingham County, NC its a 4 unit in a decent neighborhood. With this being a 4 unit i was thinking about using an FHA loan and house hacking. While reaching out to lenders i had a lender tell me that there's a 2 unit max on there FHA loans and I'd have to do a conventional loan. I'm wondering if individual lenders set there own guidelines for FHA loans or have i been getting some wrong information some where? Help BP
@Harjeet Bhatti that’s what i was thinking that’s why i got on here to ask. I’m thinking if there’s a problem or breakdown in communication this early I’m wondering if i really wanna work with them.
I bought my SFR asking several lenders about FHA MFRs none in this area supported MFR FHA's. I could have probably looked harder for a lender but I like the area and I got two tenants. But at the end of the day I guess I could have looked harder and got something with better numbers.