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Updated over 4 years ago on . Most recent reply
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FHA Multifamily lenders help
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?
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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.