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Updated over 4 years ago on . Most recent reply
Conventional loan vs FHA for 4 plex?
Is conventional loan available to first time home buyer for 4 plex ? Which loan is best for 4 plex ? Conventional loan or FHA ?
If u guys have 4 plex or triplex sell let me know.
I am in colorado
Most Popular Reply
You can get a conventional loan on a 4-plex, but you'll need a minimum 20% down payment for Freddie Mac and a minimum 25% down for Fannie Mae. FHA allows for 3.5% down on a 4-unit Home. 0% down for VA financing.
If you qualify for the Freddie Mac Home Possible Mortgage (income restricted), you will need a minimum 15% down payment effective January 1st, 2021.
- Seth Wilcock
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