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Updated 3 months ago on . Most recent reply

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FHA or any options for property with two homes?

Olivia Armstrong
Posted

Hey all, 

My husband and I have been searching for a property purchase, one that temporary checks our boxes and also kickstarts our investing journey. We’ve found a great option for us in Tennessee with a cabin (currently used as a str) and a mobile home. We have been told that fha will not cover this since there’s are two residences on the property. We have some $ saved  but don’t have enough to put a full 20% deposit down as needed by most conventional lenders. We have no debt and good credit scores, do we have any options for making this work? I appreciate your answers and advice in advance! 

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