First property multi unit 3-4

[Dallas Hoover]

Good afternoon Gs, Bare with me.

Im interested an inquiring my piece of property and what not better way than start with house hacking. I would use the new FHA loan and apply for that. Also I know there are FHA Grants I can apply for but don't know where to look. Can someone help steer me in the right direction.

[AJ Wong]

HI Dallas. You can use an FHA loan to live in one unit and rent the others for up to 4 total. You can use the income from the rental units to qualify and minimum down payment is 3.5%. You can try to incorporate a seller concession to help cover closing costs and reduce cash to close. There are several housing grants available for first time and qualified home buyer's. Check in with @Joseph Chiofalo they're a FHA/VA lender and also have some 100% programs if it fits into the parameters. Good luck!