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Updated 5 months ago on . Most recent reply
Multifamily Loan Information needed
Hello everyone. I own a property , in a not so great neighborhood, which is paid off & is worth maybe $75-$80 k. I have $30 k in savings, no auto or student loans and excellent credit. I'm past middle age and I would like to purchase a duplex to house hack in a better neighborhood. Currently the duplexes start at $300 k . I only make $39,500 a year. Would I qualify for a mortgage this size?