4 unit with converted garage

[Hollie Bendall]

I’m looking at a Quadplex in MI that also has a garage that’s been converted into a 5th apartment unit.

I know that conventional and FHA loans only lend on (up to) 4 units. I'm curious if anyone knows if this property would fall into a loop hole of some sort since the 5th unit is a converted (and separate building) garage, allowing me to utilize a conventional or fha loan.

I can certainly explore other loan options, but I’d love to use an fha loan on my next property if possible.

#hopefulinMI