San Diego: Can I Buy a 3-4 Unit with a 3.5% down FHA?

San Diego: Can I Buy a 3-4 Unit with a 3.5% down FHA?

Flipper/Rehabber · San Diego, CA · Member since 2020 · 26 posts · 9 votes


Also my dad would be a non-occupied co-signer.

My goal is to House Hack and buy my first investment property. Our lender says we can qualify up to 850k.

I appreciate your advice and guidance in advance!

Manny Moreno

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  • Jason WrayPro Member
    Banker · Nationwide · Member since 2020 · 2k+ posts · 1k+ votes
    5y

    Yes.  Shop around to get more than one quote to see if your current lender has the best rates/fee's.  Just keep in mind if your father is going to be the co-signer don't buy above your pay grade.  Make sure your very comfortable with and have a monthly payment goal in mind before approval.  make sure you have a fail safe or the ability to continue to make the mortgage payment if you have (no renter) for any period of time.

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