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All Forum Posts by: Cade Ruthardt

Cade Ruthardt has started 8 posts and replied 21 times.

Post: Getting an FHA Loan for a Multifamily Property

Cade RuthardtPosted
  • Real Estate Agent
  • San Marcos, TX
  • Posts 27
  • Votes 12

Hey BP! My name is Cade Ruthardt and I'm fairly new to the community, so far I love it! I had a few questions about qualifying for an FHA loan. My plan is to do a little house hacking and get an FHA loan for a duplex, triplex, or fourplex, and rent out the unoccupied unit to cover expenses. My question is would I qualify, or how do I find out if I qualify for an FHA loan?

I currently have less than 30k income, and little cash assets. I'm just curious on the basic qualifications and steps to applying for an FHA loan.

P.S. This is going to be my first housing purchase, so I have no experience and would love all the advice I could get. 

Thanks!