Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
~$5,000+ potential annual savings on vetted partner products
10+ deal analysis calculators with ready-to-share reports
Lawyer-reviewed leases for every state ($99/package value)
Pro badge for priority visibility in the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

Account Closed
  • Avondale, AZ
1
Votes |
10
Posts

Would an FHA 3.5% dp allow prefab/modular homes (multifamily)?

Account Closed
  • Avondale, AZ
Posted

I really like the look, design, and efficiencies that prefab/modular homes bring.

I was wondering how I could start house-hacking (build 4 units where I would live in one).

How would I go about doing so? What if I don't own some land outright? Say I have enough for a 3.5% ($14,000) downpayment for a mortgage of around $400,000. I would love to buy land and build a multifamily 4-unit prefab/modular home, and live in one of them while renting out the other three.

Problem is, I don't own any land, and have yet to choose any prefab/modular home-builder.

Where do I start?

How can I secure an FHA mortgage?

Sorry, pretty new to the whole real-estate thing. I just like the idea of house hacking as a way to start investing in real-estate, and loved the idea of living in a modular home. Just wondering if it was possible and how to go about starting

Thanks!

Loading replies...