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Updated over 6 years ago on . Most recent reply

Taylor Colligan's profile image
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Taylor Colligan
  • from Riverton, Utah
  • Member since Aug 24, 2016
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Taylor Colligan's profile image
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Taylor Colligan
  • from Riverton, Utah
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Taylor Colligan
  • Riverton, UT
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Private Lending & Conventional Mortgage Advice

FHA Loans on Multifamily

Taylor Colligan
  • Riverton, UT
Posted

My little brother and I are looking into investing in a multifamily unit. I currently have an FHA loan in my name for my primary residence. However, he does not. My question, can you get an FHA loan on a property that is not your primary residence?

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Aaron K.'s profile image
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Aaron K.
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  • from Riverside, CA
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Aaron K.
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  • Riverside, CA
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

No you cannot. The whole purpose of FHA is for primary residence properties. You can however use an FHA loan to purchase up to a 4 unit property if you live in one of the units.

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