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Updated over 3 years ago on . Most recent reply

User Stats

47
Posts
7
Votes
Vidyadhar R.
  • Investor
  • Trenton, NJ
7
Votes |
47
Posts

FHA lender who do not require self-sufficiency test?

Vidyadhar R.
  • Investor
  • Trenton, NJ
Posted

Dear members, when I reached out to a lender in regards to purchasing a 3 unit MF in NJ, he ran numbers and responded that it won't pass self-sufficiency test. 

Is self-sufficiency rule mandatory for all FHA loans for 3-4 units MF or are there any FHA lenders who do not require self-sufficiency test? Also is this rule not applicable for 2 unit MFs? TIA

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