Seaside heights NJ Help

[Harold Tampoc]

Hi, im thinking of using a FHA to purchase a 3 family property in seaside heights 2 blocks from the beach (450,000), living in one and renting the other 2, any advise anyone can provide??, is this a good place during winter as well?? I would be moving here as well because i just got a new great Job opportunity in Brick NJ,

[Harry Arnold]

FHA to purchase a 3 unit! That's the best! Good for you! With minimum Down payment, and premium rates - I think you'll do great. I'm trying to free up my VA loan on my primary, in order to use it for a multi family. Getting owner occupied financing makes the deal that much better. For you, you can see the value in a few years and drop the mortgage insurance too, with a conventional loan. Best of luck!