All Forum Posts by: Colten McCarroll

Hi Colten! Yes, you can use FHA loans to purchase homes with up to four units, so long as you occupy one of them. If you already own a home, most under writers will want to see that this new home is 100 miles + from your current home or will require letter of explanation as to why you are moving. If you do not own a home and are currently renting, that rule will not apply. Best of luck!

@Colten McCarroll
With FHA you can buy up to a 4-unit as long as you owner occupy it. Anything beyond a 4-unit would be a commercial loan. Keep in mind with a 3-4 unit FHA property, you will need to pass the Sustainability test. They want to see that the rent coming in will cover the mortgage. I would reach out and ask your lender for more specifics.