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Updated over 4 years ago on . Most recent reply

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33
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Bradley Snyder
  • Greenville SC
10
Votes |
33
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FHA Multifamily lenders help

Bradley Snyder
  • Greenville SC
Posted

I would like to purchase a Multifamily home in the Tampa using an FHA home loan. Is there any specific lenders that specialize in FHA loans?

Most Popular Reply

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191
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98
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Edgar Rodriguez
  • Real Estate Agent
  • Tampa, FL
98
Votes |
191
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Edgar Rodriguez
  • Real Estate Agent
  • Tampa, FL
Replied

Hey @Bradley Snyder ,

Most lenders, at least that I know of, do FHA loans. There is normally not a huge distinction between them as it is a federally backed program so the regulations, underwriting, etc is pretty similar across the board. I would suggest speaking to 2-3 lenders and comparing their fees, rates, etc while getting preapproved. Then, you know what is out there and can make the best decision for you.

There's also some difference between a single family and MF FHA loan, mainly the rent calculations and a little higher appraisal costs, but it is, in general, a very similar process.

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