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Thomas Alexander
  • Investor
  • Los Angeles, CA
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FHA Duplex w/ Cosigner

Thomas Alexander
  • Investor
  • Los Angeles, CA
Posted Feb 4 2015, 11:30

I am finding a lot of conflicting information online and was hoping for some advice. I am looking at a duplex that I want to purchase using a FHA loan and my mother as a cosigner. I was told that since it is a multifamily with a non-occupying co-signer (although I will be living in one of the units), then the loan becomes a 20% down payment versus the standard 3% down FHA loan. Is this true and can anyone confirm this?

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