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Andy Kornacki
  • Milwaukee, WI
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FHA Down Payment on Duplex with Co-Borower.

Andy Kornacki
  • Milwaukee, WI
Posted Jan 20 2022, 12:05

Hello,

I am looking to use an FHA on a duplex and am going to need a co-borrower as I just have 1 year of 1099 income to show. My lender I have been working with says an FHA loan on a Duplex using a co-borrower requires 25% down. Only singles family homes as eligible for 3.5% down with a co-borrower. I have never heard of this and was wondering if anyone has worked around it or can suggest anything.

Thanks

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