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Updated over 9 years ago on . Most recent reply

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24
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1
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Tim A.
  • Milwaukee, WI
1
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24
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FHA and Multifamilies

Tim A.
  • Milwaukee, WI
Posted

A few months ago I purchased my second single family and a, excited to continue acquiring properties. Initially when I started out I was only pursuing duplexes. However, several mortgage officers told me that I would only qualify for an FHA loan on a Multifamily and that the new FHA rules never drop off the PMI. All the numbers that I ran here in milwaukee couldn't justify buying a duplex over a SFH. Are other investors having these same issues? Have you found a way to work around this?

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