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Updated about 3 years ago,

Nick P.'s profile image
Nick P.'s profile image
Nick P.
  • from Woodbridge, New Jersey
  • Member since Aug 17, 2017
Connect

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51
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10
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Nick P.'s profile image
Nick P.'s profile image
Nick P.
  • from Woodbridge, New Jersey
  • Member since Aug 17, 2017
Connect
Nick P.
  • Woodbridge, NJ
10
Votes |
51
Posts
First-Time Home Buyer

Helping a friend with an FHA loan issue...

Nick P.
  • Woodbridge, NJ
Posted

He lives in NJ, currently unemployed because he just sold his family food business (was not in his name). As a result of the sale he has $50,000 in the bank. He would like to house hack a duplex/triplex/4plex as his first investment. Does he qualify for an FHA loan given he's currently unemployed yet has a good amount of capital that would be more than enough for an FHA down payment?

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