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Updated over 2 years ago on . Most recent reply
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Can I buy a package deal with a FHA loan?
Two, two families. First time home buyer I would live in one of the units and rent the other three. Would I still be able to use an FHA loan?
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To be considered for FHA, it needs to be one property not one package. "Multiple structures" on one lot with the same title/deed should still qualify for FHA. If it is two duplexes with two deeds or two separate lots, it wont qualify. The the best way to get a clear answer is to call up the bank or credit union you would be using and a couple of others and send them the listing and ask.
- Katherine Serrell