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Updated over 2 years ago on . Most recent reply

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Cade Antonucci
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18
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Can I qualify for FHA

Cade Antonucci
Posted

I already own multiple rental properties, 2 as of right now and going on my third, and I was wondering can I qualify for an FHA 3.5% down house hacking loan for a duplex or triplex still?

Property 1 was purchased as a primary and is now rented out and the other 2 are investor mortgages.


I would appreciate any help on this!

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Tim Johnson
  • Real Estate Agent
  • Skagit Valley, WA
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256
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Tim Johnson
  • Real Estate Agent
  • Skagit Valley, WA
Replied

If property 1 is still legally your "primary" residence....i.e., you haven't adjusted the mortgage to make it an investment property, then no, you won't be eligible for an FHA loan. (You may be committing mortgage fraud however.) If all three of your properties are investment properties, you would be eligible to purchase a home (SFR up to a 4-unit) as your primary home with an FHA loan.

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