Using an FHA Loan in Multifamilies in Chicago

[Trevor Fritz]

Hi everyone,

I have been searching for a 3-4 unit multifamily for a few months now, but because I have been searching using FHA guidelines from a lender I was referred to, I have not been able to find anything.

I feel that my lender's guidelines may be strict, but I wanted to see if anyone has closed on a multifamily in the Chicago area using an FHA loan in the last year or so. I was under the impression that the FHA guidelines are universal, but I haven't even found a place that would qualify yet for me to even look at. I wanted a second opinion from the community. Thanks for the help and I look forward to hearing back!