House hacking variation with separate rental on property
Does purchasing a single family home that we would live in with a separate rental on the property count as house hacking for getting a low down payment and having the rental income pay at least some of our mortgage expense etc.?
Quote from @Ann Downer:
Does purchasing a single family home that we would live in with a separate rental on the property count as house hacking for getting a low down payment and having the rental income pay at least some of our mortgage expense etc.?
Yes. You can have 1-4 units on the same property. As long as you occupy one of the units, you qualify as an owner-occupied property and can get the low downpayment.
Thank you so much Nathan!
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